PaxOcean Group has signed a significant new building contract with Penta-Ocean Construction Co., Ltd., to construct a self-elevating platform (SEP) on 30 January 2020. Scheduled for completion in third quarter of 2022, the SEP is of a GustoMSC design, equipped with four tubular legs and four azimuth thrusters. It is fitted with a 1,600-tonne leg encircling crane, a large clear deck area of approximately 3,800 sqm, with accommodation designed for 80 persons.