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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.

Lee Hong Liang, Asia Correspondent

May 9, 2014

1 Min Read
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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.

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.

 

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