Singapore: COSCO (Nantong) Shipyard has won a $500-million engineering, procurement, construction and installation contract for a deepwater DP3 semisubmersible rig to be named Sevan Brasil.
The new rig is based on the design of the Sevan Driller and is scheduled for delivery to Sevan Drilling early 2012.
The shipbuilder said it has become the first in China to have secured a full EPCI contract to construct a deepwater DP3 semi drilling rig. [16/03/10]
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