Seatrium Secures Repeat Order for Jack-Up Rig Kingdom 4 from International Maritime Industries

International Maritime Industries (IMI), the largest shipyard in the Middle East and North Africa (MENA) region, has awarded Seatrium Offshore Technology, a subsidiary of Seatrium Ltd, a repeat contract for a jack-up rig.

Similar to the Kingdom 3 contract awarded earlier this year, Seatrium will provide equipment and licensing for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU), to be named Kingdom 4.

The LeTourneau Super 116E Class, part of Seatrium’s next-generation jack-up rig designs, is customized for operational needs in the MENA region. Featuring 343-foot (104.5 m) legs, a 1.5-million-pound (680,000 kg) hook load capacity, and advanced cyber systems, these rigs are engineered to operate in harsh offshore conditions.

The Kingdom 4 contract marks the 45th order for the LeTourneau Super 116 series. Seatrium also highlights its role in designing and constructing over half of the world’s operational jack-up rigs, including 65% of those in the Middle East.

Seatrium shares closed at $2.06 on December 10, down 1.44%.

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