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MIS loads out first region-built jack-up rig

Posted: 24 December 2007
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UAE-based Maritime Industrial Services (MIS) has successfully loaded out SeaWolf Oritsetimeyin, the first offshore jack-up drilling rig to be built in the Middle East region.

The launch was hailed by the oil and gas fabrication specialists as on schedule, on budget and according to plan. The unit will be completed once secured and jacked up back at the MIS quayside, the company said.

SeaWolf Oritsetimeyin, originally contracted by Norwegian Mosvold Jackup Ltd. in 2006, is the first of two offshore jack-up drilling rigs being built by MIS for SeaWolf Oilfield Services Ltd., a Nigerian drilling company, in a contract worth $254million.

The rig, scheduled for delivery on August 30, 2008 , is a Friede and Goldman Super Mod 2 design with 30,000 foot rated drilling depth and an operating water depth capability of 300 feet.

SeaWolf Onome, SeaWolf’s second jack up rig under MIS’s construction, is the same specification as SeaWolf Oritsetimeyin and is on time and scheduled for delivery to SeaWolf in December 2008.

MIS, with its 200,000 square meteres yard space capacity in Sharjah, has used the capacity-shortage in traditional New Build yards in Singapore, China and the US Gulf Coast to leverage a position for itself among the world`s most efficient builders of jack-ups.

This places MIS as the first yard in the Middle East to join the ranks of the world’s New Build yards for major offshore jack-up drilling rigs, the company said.

In August this year, MIS was also awarded a contract for the construction of an additional jack-up drilling rig, Hull 107, for the recently established joint venture company, KSAM2Petrodrill Offshore, led by Singapore-based KS Energy Services Ltd. Hull107 is scheduled for delivery in February 2010.

The construction of Hull 107 has already started and the keel will soon be laid in the space in MIS`s shipyard that was vacated by the SeaWolf Oritsetimeyin.

DSL

DUCAB

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