Newbuild tender rig Kencana Mermaid(KM-1) has been awarded a five-year contract by Petronas Carigali. The value of the contract is $239 million, which would translate into a day rate of $128 000.
Seadrill's self erecting tender Teknik Berkat(virtually indentical in design) was contracted by Petronas Carigali in April for a four-year contract with a d-r of $124 000. The day rates in the South East Asian tender rig market are still actually rising, in spite of the major drop in the price of oil.
EC: Petronas contracts Kencana tender rig
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