Private sector ship builder ABG Shipyard Ltd on Friday said that it has bagged a Rs 2,377.41 crore (480 million US dollar) order for building two rigs from Essar Oilfields Services Ltd, Mauritius.
These self-elevating jackup rigs would have the operating capacity of up to 350 ft. Water Depth and a drilling depth capacity of 30,000 ft, ABG Shipyard said in a filing to the Bombay Stock Exchange.
These rigs are designed for year-- round Gulf of Mexico and 50-year return period North Sea environment in accordance with American Bureau of Shipping (ABS) assessment criteria, it said.
The innovative features of this design include increased storm criteria, extended reach cantilever, lightweight, an efficient drilling package, and F&G's Advanced Rack Chock System.
The rigs also includes single point discharge system and high preload system, it added.
The company is a wholly owned subsidiary of Essar Shipping & Logistics Ltd with its main focus on offshore and onshore drilling activities.
Shares of the company closed at Rs 117, up 1.39 per cent from the previous close on the BSE.
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