COSCO Delivers Jack-Up Rig to Asian Buyer

By Joseph R. Fonseca
Wednesday, July 23, 2014
Courtesy COSCO

 

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Nantong) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered one jack-up rig, “KAI XUAN YI HAO”, to its Asian buyer.

The delivery documents were signed by and between COSCO Nantong and the buyer recently. The jack-up rig, measuring 66.71 meters in LOA (length of all), 67.06 meters in width, is designed to operate at water depths of 400 feet and is capable of performing drilling operations at depths of up to 35,000 feet.

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