Sembcorp takes over Texan yard

Singapore-based oil-rig builder SembCorp Marine has acquired a Texas-based shipyard from its subsidiary, PPL Shipyard. SembMarine paid $4 million for Sabine Industries, which will be renamed SembCorp-Sabine Industries. This comprises Sabine Shipyard, to be renamed SembCorp-Sabine Shipyard, and Sabine Offshore Services. They are located on the Texas-Louisiana border in the USA.

The facilities have immediate access to the Texas and Louisiana offshore drilling activities and own a total land area of 223 acres. Sabine Industries, acquired by PPL Shipyard in September 2005, will be planned and outfitted as part of SembCorp Marine’s overall strategy to facilitate and serve its US customers in offshore rig repairs, refurbishment and rig building in the Gulf of Mexico region.