ASIA

World's biggest jack-up rig unveiled

WITH legs almost as tall as Perth's iconic Bankwest Tower, the world's largest jack-up rig was na...

World's biggest jack-up rig unveiled

While the name isn't too revolutionary, with Rubicon's Galoc field-based "Intrepid" production, storage and offloading vessel built in 1981, there are more naming opportunities ahead as Maersk Drilling has ordered three more of the mighty jack-up rigs.

The total price for the four giant jack-ups comes to $US2.6 billion ($A2.8 billion) with Keppel delivering three of them over 2014 to 2015 and Daewoo delivering the last one in a South Korean shipyard in 2016.

Maersk Intrepid's first gig is to drill challenging wells over four years for French supermajor Total's Martin Linge field development in Norway's North Sea, with the contract worth $US550 million outside of possible time extensions.

Designed for "ultra-harsh" environments, the Maersk Intrepid's legs are 206.8m long - not much shorter than the 214m height of the Bankwest Tower - giving the rig the ability to work in water depths of up to 150m.

"We have invested in the Maersk Intrepid and its three sister rigs in order to continue to grow and leverage our market leading position in Norway," Maersk Drilling CEO Claus Hemmingsen said.

"The Maersk Intrepid is the first of the four rigs being delivered and I am very pleased that it is going to Norway to work for one of our key customers, Total E&P Norge AS."

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