Sembcorp Marine: To Build US$182M Rig For Atwood Oceanics Unit

Sembcorp Marine Ltd. (S51.SG) Thursday said it has signed a contract with a unit of Atwood Oceanics Inc. (ATW) to build a jack-up rig at a cost of US$182 million.
The rig is the first of a series of three options Atwood Oceanics Pacific Ltd. had and will be built by Sembcorp Marine's unit PPL Shipyard, the Singapore-listed rig builder said in a statement.
The rig will have similar specifications to two units ordered earlier and is scheduled for delivery in June 2013, the company said in the statement to Singapore Exchange.
Source: The Wall Steet Journal