International Maritime Industries (IMI), the largest shipyard in the MENA (Middle East and North Africa) region, has awarded a repeat contract for a jack-up rig to Seatrium Offshore Technology, a subsidiary of Seatrium Ltd.
Similar to the Kingdom 3 contract awarded earlier this year, Seatrium will supply equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU) which will be named Kingdom 4.
The LeTourneau Super 116E Class is part of Seatrium’s next-generation jack-up rig designs and is tailored for operational requirements in MENA. With 343-foot (104.5 m) legs, a 1.5-million-pound (680,000 kg) hook load capacity and “advanced cyber systems”, the rigs are designed to withstand and operate in harsh offshore environments.
The Kingdom 4 contract is the 45th order for the LeTourneau Super 116 series. Seatrium also shares that it has designed and contributed to the construction of more than half of all jack-up rigs in service worldwide, including 65% of those operating in the Middle East.
Shares in Seatrium closed at $2.06 on Dec 10, down 1.44%.
