September 28, 2016 9:07 AM ET

Machinery

Company Overview of Jurong Shipyard Pte Ltd.

Company Overview

Jurong Shipyard Pte Ltd. provides ship building, ship repair, ship conversion and offshore, rig building, and offshore engineering services to clientele worldwide. Its facilities include docks and quays, cranage facilities, and workshops and warehouses. The company was incorporated in 1999 and is based in Singapore. Jurong Shipyard Pte Ltd. operates as a subsidiary of Sembcorp Marine Ltd.

29 Tanjong Kling Road

Singapore,  628054

Singapore

Founded in 1999

Phone:

65 6265 1766

Fax:

65 6261 0738

Key Executives for Jurong Shipyard Pte Ltd.

Chairman and Managing Director
Age: 54
Financial Controller
Chief HSE Manager for Safety
Head of Department for Management Information Systems
Senior General Manager of Human Resource and Director
Compensation as of Fiscal Year 2016.

Jurong Shipyard Pte Ltd. Key Developments

North Atlantic Drilling Ltd. Announces Amendment to Agreement with Jurong Shipyard

North Atlantic Drilling Ltd. announced a standstill agreement for delivery of the semi-submersible drilling unit, the West Rigel ("the Unit"). The Company announced a second amendment has been agreed with Jurong Shipyard Pte. Ltd., which extends the standstill period by a further three months to September 2, 2016. The extension of the standstill period allows the parties to continue to explore commercial opportunities for the Unit. In the event no employment is secured for the Unit and no alternative transaction is completed, the Company and Jurong will form a Joint Asset Holding Company for joint ownership of the Unit, to be owned 23% by the Company and 77% by Jurong.

North Atlantic Drilling Ltd. Announces Agreement with Jurong Shipyard

North Atlantic Drilling Ltd. announced that a standstill agreement effective until June 2016 has been reached with Jurong Shipyard for the delivery of the sixth generation harsh environment semi-submersible drilling rig, the West Rigel (Unit). During the standstill period until June 2016, NADL will continue to market the Unit for an acceptable drilling contract and the Unit will remain at the Jurong Shipyard in Singapore. -Jurong and NADL can also consider other commercial opportunities for the Unit during this period. In the event no employment is secured and no alternative transaction is completed when the standstill period concludes, NADL and Jurong have agreed to form a Joint Asset Holding Company for joint ownership of the Unit to be owned 23% by NADL and 77% by Jurong. -NADL will continue to market the Unit for the Joint Asset Holding Company.

Sembcorp Marine Secure Two Contracts Totalling SGD 222 Million in Value

Sembcorp Marine announced that Sembmarine SLP and Jurong Shipyard Pte Ltd. have secured offshore energy related contracts valued at a combined SGD 222 million. Sembmarine SLP Limited has been awarded a contract to design and build the offshore substation platform for the Dudgeon Offshore Wind Farm. The contract has been granted by Siemens Transmission & Distribution Limited, which was awarded the contract for the Electrical System Infrastructure by the wind farm's developer Dudgeon Offshore Wind Limited, a joint venture between Norwegian Energy firms Statkraft and Statoil. SLP will work closely with Siemens and will be responsible for the design, engineering, procurement, project management and construction of the platform's jacket substructure and topside. Siemens will provide the transformers and high voltage electrical distribution technology. The Offshore Transformer Station (OTS) will be constructed at SLP's yard in Lowestoft on the UK's Suffolk coast. The Dudgeon platform will be a new generation OTS based on its early success with the Thanet substation previously delivered to Siemens. Jurong Shipyard has been contracted by regular customer MODEC Offshore Production Systems (Singapore) Pte Ltd, to complete the repair and life extension, and conversion of a VLCC into a Floating Production Storage and Offloading (FPSO) vessel as part of the TEN Development Project. This is the twenty-second FPSO conversion project which Jurong Shipyard is working on with MODEC. When completed in 4Q2015, the TEN Development FPSO will have a capacity of production and treatment of 80,000 bpd of crude oil, 65,000 bpd of produced water, and 180 MMscfd of gas, with an onboard storage capacity of 1.7 million barrels. The facility will include for delivery 132,000 bpd of filtered, de-aerated seawater. The TEN Development FPSO will be external turret moored in 1,000 to 1,800 metres water depth and operated by MODEC, on behalf of their client Tullow Ghana Ltd, a wholly-owned subsidiary of Tullow Oil Plc. The FPSO will host multiple subsea tiebacks from three reservoirs (Tweneboa, Enyenra, Ntomme) in the Deep Water Tano block off of the coast of Ghana, West Africa.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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