PETRORIG 1, a special purpose vehicle linked to Norwegian firm
PetroMena, has sued a unit of Singapore's Sembcorp Marine for
breach of contract over a $454 million rig order, court documents
showed on Monday.
PetroRig 1, which has filed for Chapter 11 bankruptcy in the
United States, alleged that Sembcorp's Jurong Shipyard unit had
made an 'improper attempt to terminate the construction contract'
for an ultra deepwater semi-submersible drilling rig and said
Sembcorp subsequently tried to sell the rig at a below-market
price.
The filing did not say how much damages PetroRig was
seeking.
Sembcorp Marine, the world's second largest maker of offshore
oil rigs, did not immediately comment on the matter.
In April, Sembcorp Marine said it had terminated a rig-building
contract with PetroMena because the final payment had not been made
and planned to sell the rig to recover money owed.
-- REUTERS