Jurong shipyard secures second Atwood rig

Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a 2nd rig order from Atwood Oceanics Pacific Limited (“AOPL”), a wholly-owned subsidiary of Atwood Oceanics Inc. to build a deepwater semi-submersible drilling rig with an option for an additional 3rd unit.

Scheduled for delivery in mid-2012, this 2nd unit of the ultra-deepwater semisubmersible

drilling rig will be built based on the Friede & Goldman Ex-D Millennium Dynamically Positioned Semi-submersible design. The shipyard contract value for the unit is $565 million, which does not include certain owner furnished equipment and owner-related costs.

This new rig is to be built for a water depth rating of 10,000 feet. Engineered for stability and versatility, this new rig is also suitable for operations in most of the world?s known challenging deepwater arenas. It will be the eleventh mobile offshore drilling unit of the Atwood Group fleet.

The 1st rig, currently under construction in Jurong Shipyard for AOPL, is a conventionally moored semi-submersible drilling unit built based on the same Friede & Goldman Ex-D design. Scheduled for delivery in early 2011, this rig is already contracted to Chevron Australia by the owner.