Silver Eagle Global to build a series of jackup vessels

Silver Eagle Global to build a series of jackup vessels

Bahrain-based Silver Eagle Global, part of Saudi Arabian oil and gas service company Rawabi Holding, has entered into an agreement with American Bureau of Shipping to class a series of self-elevating drilling units (SEDU).

The initial contract includes two vessels with an option for an additional two vessels and the company expects to build a series of similar vessels after the initial order. Silver Eagle has contracted PetroVietnam Marine Shipyard to build the vessels for an undisclosed contract value.

Additionally, Silver Eagle has entered into a master service agreement with Baker Hughes for worldwide operations which will integrate the American company’s array of services with Silver Eagle marine operations.

“It is a great privilege to announce the start of a new era for the offshore oil and gas industry with the highly efficient design of the Silver Eagle SEDU 430WC-4.  We believe this design will provide a cost-effective solution for the offshore energy industry in all cycles of commodity prices,” said Ronald Sanders, executive chairman of Silver Eagle.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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