Second Accommodation Semi-submersible Rig for Prosafe to be build by Jurong Shipyard


Sembcorp Marine’s subsidiary Jurong Shipyard (JSPL), and Prosafe have signed a contract for JSPL to make the 2nd unit of a new generation harsh-environment accommodation semi-submersible which worth is US $295.2 million. This refers to the Letter of Intent stated by Sembcorp Marine and Prosafe earlier in October this year.

Planned for latest delivery no later than end of December 2014, this accommodation semi-submersible (semi) is going to be built based on the GVA 3000E design, a alike design as the 1st unit, the Safe Boreas, currently under construction in Jurong Shipyard. This is the 2nd accommodation semi with JSPL of Prosafe, following the 1st order contracted in December 2011.

Together with the latest contract, JSPL has granted 2 further options to Prosafe for further newbuilds. In this option including previously granted last year, Prosafe is now going to have a total of 3 options for accommodation semi newbuilds at JSPL. The accommodation semis for the 2 further options may be designed for either the Norwegian Continental Shelf or for world-wide operations outside of Norway.

Featuring the one of the latest technology, the GVA 3000E design accommodation semi is able of operating gangway connected in deep water and in harsh environments alongside fixed platforms, floating platform and floating production and offloading ships, with a full complement of deck cranes and fire-fighting abilities.

The four-hundred-fifty-person capacity Dynamic Positioning 3 (DP3) unit with twelve point mooring is going to be built in accordance with stringent Norwegian Offshore health and safety standards and is appropriate for harsh environment operations in the Norwegian Continental Shelf.

The contract isn't expected to have any material effect on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending 31th of December, 2012.