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    Malaysian yard to build for Smedvig

    Yard News // February 28, 2003
    Seabrokers reported in the latest issue of its monthly report Seabreeze that Smedvig has entered into an agreement with Malaysia Shipyard and Engineering Sdn Bnd in South Malaysia, for a new self-erecting tender rig.

    The new unit is scheduled for delivery in the first quarter 2004, and capital expenditure is estimated to be approximately $67 million, including the derrick equipment set.

    The tender rig will be based on a new design developed by Smedvig, with enhanced drilling capabilities allowing for parallel activities, which will significantly increase drilling efficiency. The new unit will be particularly well suited for production drilling in shallow and deepwater areas in Southeast Asia, said Seabreeze.

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