Newbuild jackup numbers hit all-time highs

Harding, Barry W.
July 2005
Offshore;Jul2005, Vol. 65 Issue 7, p56
Trade Publication
This article examines the condition of the newbuild jackup market. This market has reached record levels, and Singapore is raking in the profits. The country's two major yards, Keppel FELS Ltd. and PPL Shipyard Pte. Ltd., have captured a commanding lead in worldwide jackup construction, with a current total of 28 of the 34 rigs on order through 2009. In the five-year period from 2000 to 2004, the industry saw 15 newbuild jackup rigs capable of drilling in excess of 350 feet water depth. As of June 2005, the newbuild count for the next five-year period is 34 rigs delivered, under construction, or on order.


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