COSCO Corporation inform that its subsidiary Dalian Shipyard has been contracted to build a jack-up rig based on the LeTourneau Super 116E Class design.
The US$184-million order has been placed by Derwent Ocean Limited S.A, part of Foresight Group.
COSCO inform that the new rig will be built to ABS classification, with notation A1, and will be a self elevating drilling unit capable of drilling HPHT wells. It will be capable of operating in 350 feet water, with accommodation for up to 120 persons onboard.
Delivery is scheduled for the third quarter of 2016.
About COSCO Shipyards
Founded in June 2001, COSCO Shipyard Group Co., Ltd, is a subsidiary of China Ocean Shipping Company (COSCO). It specializes in large vessel construction, marine engineering, conversion, and providing ship repair services. The group has shipyards in Dalian, Nantong, Zhoushan, Guangdong Province, Shanghai, Lian Yungang and other places.