In accordance to its rights under the contract, Jurong Shipyard will proceed to sell the rig.
PetroRig I is a sixth generation ultra-deepwater semi-submersible rig built based on the Friede & Goldman Ex-D design. The rig is capable of operating in 3,000 metres water depth and harsh environment drilling conditions and is also suitable for operations in most of the world’s known challenging deepwater arena.
Based on best known information, Jurong Shipyard is confident that it will be able to sell the rig and to recover all outstanding amounts owed to the shipyard. The event will not have any material impact on Sembcorp Marine.
