CSSC Huangpu Wenchong bags order for two jack-up rigs

The two Zentech-designed R-550D rigs are scheduled to be delivered by 2017 and June 2018, respectively. Financial details of the deal were not disclosed.

Hong Kong-listed TSC said the rigs will be used either for drilling operations undertaken by AOD as a drilling contractor, or for sale to prospective customers.

The 400-feet water depth jack-up drilling rigs will feature higher capability rack phase difference, going on/off location wave criteria, zero discharge, full preloading systems, high capacity drilling systems and other high performance features.

The design has been approved by the American Bureau of Shipping (ABS) and meets the requirements of the various fast-growing emerging markets, according to TSC.

Back in December 2012, CSSC Huangpu, Zentech Inc and TSC had entered into a strategic alliance to jointly develop and market the R-550D rig, which is a three-legged, extended reach cantilever type jack-up drilling rig designed for worldwide service.