Oro Negro Makes it Six with Latest Jack-Up Order from PPL Shipyard

Pacific Class 400 jack-up, image courtesy PPL Shipyard

Singapore-based rig-builder Sembcorp Marine announced today that they have signed newbuild orders for two jack-up rigs from Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. (Oro Negro).  According to an emailed statement, the newbuild contracts are worth a combined value of US$417 million and the rigs are scheduled for delivery at the end of July 2015 and end of third quarter 2015 respectively.

With this new order, a total of six new Pacific Class 400 jack-ups have now been ordered by Oro Negro from Sembcorp Marine’s PPL Shipyard. The previous orders were placed in November 2012 and March 2013 respectively.

These new rigs will be capable of operating in waters of up to 400 feet and drilling high pressure and high temperature wells to depths of 30,000 feet.

Mr Gonzalo Gil, CEO of Oro Negro, said “We are very pleased to repeat our orders for an additional two jack-up rigs of similar design with our partner yard, PPL Shipyard. All four jack-up rigs currently under construction in the shipyard are progressing well. With these two additional orders, we look forward to taking delivery of the first unit in the fourth quarter of this year, 2 units in 2014 and 3 units in 2015. Once fully operational, these high-specification jack-up rigs will position Oro Negro as a leading player in Mexico’s growing offshore market.”

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up