DSME wins first jackup rig contract in 30 years

10/16/2013

DSME wins first jackup rig contract in 30 years

SEOUL, South Korea -- DSME has been awarded its first jackup rig contract after a 30 year hiatus.
 
DSME signed the contract on September 25th with Maersk Drilling for one jackup rig. The value of this contract is approximately $530 million. It is scheduled to be delivered in the middle of 2016 and will provide service to the Norwegian coast.
 
It is able to drill down to a maximum of 12 km in water up to 150 m in depth and operate in the bad weather and intense cold of the North Sea.
 
DSME won this contract based on its construction experience in drilling facilities operated in the North Sea.
 
This latest contract puts DSME’s 2013 secured orders at 40 vessels and offshore platforms worth approximately $10 billion and moved it closer to the year’s sales target ($13 billion).

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