PPL Shipyard challenges termination of jackup construction contract (Scandinavian Oil-Gas Magazine)

PPL Shipyard challenges termination of jackup construction contract

Published Nov 27, 2015

Sembcorp Marine refers to the announcements made by Marco Polo Marine Ltd on 24 November 2015 and 17 November 2015, and the announcement made by Sembcorp Marine on 18 November 2015.

PPL Shipyard Pte Ltd’s (PPLS) position is that the contract is still subsisting and Marco Polo Drilling (I) Pte Ltd (MPD) is in repudiatory breach. PPLS did not accept MPD’s repudiatory breach. PPLS has elected to affirm the contract and PPLS’ lawyers have notified MPD’s lawyers of this election on 23 November 2015.

The contractual delivery date is 30 November 2015. When MPD purported to terminate the contract on 17 November 2015, the Rig was substantially ready to be completed for delivery.

Tags: SembCorp Marine

Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font

Top Stories

New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.

Rystad Energy - Borr Drilling takes charge of the jackup market

Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.

Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.

Southwest Research Institute (SwRI) - IMSF2

SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS²), to be held April 25-26, 2018, at SwRI’s headquarters...

[ In News ]

Energy Demand Grows as Fuel Mix Continues to Diversify

Unique Group Launches Unique Equipment Manager

Archer to Provide Casing Accessories and Cementing Equipment in Asia Pacific

Wärtsilä and Maersk Drilling Create a Joint 25-Year Strategy for Thruster Services

Research Becomes Useful Technology for Society Through Strategic Partnership