Helix ESG Q4000 well intervention semisubmersible

Helix Signs Contract for New Well Intervention Semi from Jurong Shipyard

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March 12, 2012

SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) on Tuesday said it has secured a US$385.5 million order to build a semisubmersible well intervention rig from Helix Energy Solutions Group (HLX).

The vessel is scheduled for delivery in January 2015 and will be able to perform top hole drilling, subsea construction, and decommissioning well intervention.

The contract isn’t expected to have any material impact on Sembcorp Marine’s earnings for the year ending Dec. 31.

-By Sam Holmes, Dow Jones Newswires


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