ES Group to build jack-up rig blocks for ‘major customer’
- Business & Finance
Singapore’s ES Group said it has won three repeat orders from a major customer in Singapore for jack-up blocks with a total contract sum of approximately S$15 million.
The construction of the three jack-up blocks has commenced and is carried out at the Group’s Thailand yard. They are expected to be delivered in the last quarter of 2014. The jack-up blocks form part of a high-specification jack-up rig’s main hull.
“Barring any unforeseen circumstances, the new jack-up block orders are expected to contribute to the Group’s financial performance in the financial year ending 31 December 2014,” the company said in a press release.