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Jurong negotiating to sell jack-up rig to Seadrill
Date:2010-04-15 Readers:
Singapore: Jurong Shipyard looks set to sell a jack-up rig originally built for Petropod to John Fredriksen’s Seadrill. Parent, Sembcorp Marine, said Jurong Shipyard had signed a letter of intent to negotiate the sale of he sale of a harsh environment CJ70 jack-up drilling rig. The rig was originally being built for Petropod but the yard terminated the contract last year after the owner stopped making payments.
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