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COSL buys two jack-up rigs

COSL buys two jack-up rigs
China Oilfield Services Limited (COSL) has acquired two jack-up drilling rigs built at China Merchants Heavy Industry (Shenzhen) Co.

The rigs, which are currently under construction and designed by Dutch-based GustoMSC BV, will be capable of operating at water depths of 375 feet and perform drilling operations at depths up to a maximum of 30,000 feet.

The units are scheduled for completion and delivery in the fourth quarter of 2013. COSL said the rigs have already secured services contracts and will be deployed in overseas market.

“The addition of the two rigs will further enhance service capability of the group's high-end rigs, supporting its business growth for 2013 and beyond,” COSL said.

TAGS: Offshore