Worth a combined value of S$521.6 million (US$417 million), the two units are anticipated for delivery at the end of the 2014 fourth quarter and the end of the 2015 first quarter.

The rigs will be built in SembMarine’s PPL Shipyard in Singapore and will be based on the Pacific Class 400 design, which is capable of operating in water as deep as 122 metres.

The