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Cosco yard clinches $184m rig deal

Cosco yard clinches $184m rig deal
Cosco (Dalian) Shipyard has clinched a $184m deal to build a jack-up drilling rig for Derwent Ocean Limited, part of Foresight Group.

The Chinese state-owned yard will build the self-elevating drilling rig with capabilities to drill to a depth of up to 30,000 feet and operate in 350 feet water.

The rig will be equipped for efficient operation and layout, optimisation of deck space, ease of material handling, and safety of personnel on board.

The rig is slated to be delivered to the owner in the third quarter of 2016.