Ultra-Large Jack-Up Drilling Rig
 
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Ultra-Large Jack-Up Drilling Rig

      2/21/2001

Hyundai Heavy Industries (HHI) has received an order for an ultra-large jack-up drilling rig valued at 200 million USD. This drilling rig has a length of 102 meters, a width of 88 meters, weighs 26,000 tons and has the height equal to a 60-story building or 205 meters. It is the largest of its kind. It is also exceptionally stable and comes with improved capabilities like drilling at a water depth of 150 meters. It has living quarters for 120 workers and will be able to withstand harsh environment of the North Sea.

The drilling rig will be manufactured on a turnkey basis from the design stage through materials purchasing, manufacturing, and commissioning stages. Construction is set to begin in February and delivery to the shipowner (Maersk Contractors) is scheduled for December of 2002. The rig will be deployed to begin operations at the North Sea oil field in early 2003.

HHI representatives expect that this order from a worldwide company is another opportunity for Hyundai Heavy to be recognized for its technical prowess in the offshore industry, and will be of great help in obtaining further offshore facility construction projects.


 

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