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Wärtsilä Norway AS is a wholly owned subsidiary of Wärtsilä Corporation in Finland. Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 18,000 professionals manning 160 Wärtsilä locations in 70 countries around the world.
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SembCorp in semisub win
By Upstream staff
Singapore's SembCorp Marine has won a US$500 million order from Noble Drilling to build and outfit an ultra deep-water semi-submersible drilling unit.
The rig will be based on Noble's existing baredeck hull Bingo 9000, named the Noble Danny Adkins. Noble Drilling is a unit of US-based Noble Corporation.
Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, will begin work immediately on the semi-submersible with delivery scheduled in the first quarter of 2009.
On completion, the Noble Danny Adkins will operate in water depths up to 12,000 feet and drill to a total depth of 35,000 feet. The dynamically positioned
unit will have living accommodation for at least 200 people.
Noble Drilling has previously said the Noble Danny Adkins is contracted to Shell upon completion of construction for a four-year term.
SembCorp Marine said in a statement released on the Singapore stock exchange that it expects a positive contribution to its earnings from the contract. However, the rig order would not have any material impact on net tangible assets and earnings per share for the year ending 31 December 2006, it said.
Monday, 11 December, 2006, 09:45 GMT | last updated: Monday, 11 December, 2006, 11:29 GMT
