Seatrium Secures Drilling Unit Contract From International Maritime Industries

MT Newswires

02/20

Seatrium's (SGX:5E2) offshore jack-up designer, Seatrium Offshore Technology, won an international tender from International Maritime Industries to supply equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit, Kingdom 3.

The jack-up designs have been customized for operational requirements within the MENA region, according to a filing with the Singapore Exchange on Thursday.

Based on cyber systems, Kingdom 3 will be outfitted with 343 feet of leg and 1.5 million-pound hook load.

Seatrium's shares were down 1% in recent trade.

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