Image courtesy Sembcorp Marine
Sembcorp Marine’s Jurong Shipyard announced today they have successfully righted the jack-up drilling rig which tipped over on December 3rd of last year.
The operation to right the rig was completed on 14 January.
A stop-work order is still in effect however as authorities continue their investigation into the accident with injured upwards of 80 shipyard workers.
The jack-up rig which was originally scheduled for delivery in 1Q 2013 is now estimated for delivery in Q3 2013.
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The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
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