Drydocks World builds two jackups on speculation, others may follow

Drydocks World’s Graha yard in Batam, Indonesia, is planning to build two jackup rigs on speculation.

Deliveries are slated for the end of 2010 and the first quarter of 2011. The yard is currently building four jackup rigs, two for a UMW Holdings- Standard Drilling joint venture and two for Saipem. In other news, Drydocks World may consider building other vessels at the company’s shipyards in Singapore and Indonesia in anticipation of a pickup in demand for newbuilds when the economy recovers. The yards have received some expressions of interest, however final contracts are slow to roll forth due to the current economic climate.

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