ES Offshore receives order for jack-up rig blocks
Singapore’s ES Group has announced that its wholly-owned subsidiary, ES Offshore Engineering Pte. Ltd. was awarded repeat orders for jack-up drilling rig blocks worth approximately S$17 million from a major shipyard in Singapore.
ES Group, which builds, converts and repairs tugs, barges, rigs, offshore support vessels, oil tankers and cargo ships, was previously awarded an approximately S$15 million order from the same customer in February 2014.
The jack-up blocks, which form a part of a jack-up rig’s main hull, are expected to be delivered in 2015 and will be constructed at the Group’s Thailand yard.
ES Offshore and Marine Engineering (Thailand) Co. Ltd. (the Company’s 50%-owned subsidiary) owns and operates a 70,000-square-metre shipyard located in the city of Thapsakae, Prachupkirikhan Province, approximately 365 kilometres south of Bangkok.
Christopher Low, ES Group’s Chief Executive Officer, said, “The repeat order affirms the Group’s capabilities and ability to deliver high quality projects and the
customer’s faith and confidence in us. We will continue to build on our strengths to be one of the preferred partners in the marine and oil and gas industry.”
Commenting on the recent political tensions in Bangkok, Low said, “The Group’s shipyard operations and employees are not affected, and we do not foresee any major disruptions in our operations. However, we will continue to monitor the situation and prepare for such related situations that may arise in the Prachupkirikhan Province.”