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ZPMC bags $400m order to build two rigs

Shanghai Zhenhua Heavy Industries (ZPMC) has bagged a deal worth approximately $400m to construct two jack-up drilling rigs for Lovanda Offshore and Lovansing Offshore.

Lee Hong Liang, Asia Correspondent

February 18, 2014

1 Min Read

Kalyakan - stock.adobe.com

The two jack-up rigs, to be deployed in the North Sea, are scheduled to be delivered between 2016 to 2017, according to Shanghai-listed ZPMC.

The deal comes with an option for the two rig buyers to order two similar rigs based on the F&G JU-2000E design.

Last month, ZPMC won an order to build a deepwater derrick lay vessel for Petrofac.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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