Singapore: Singapore-based Dynamic Drilling Holdco is ready to exercise options on three options it holds at Cosco Dalian Shipyard.
Founded three years ago, Dynamic Group has three jack-ups and a drillship on charter to India’s Oil and Natural Gas Corporation (ONGC). On top of that, there’s a rig plus three options on order at Cosco Dalian Shipyard in northern China. The options are likely to be declared soon, Manav Kumar, a director at Dynamic told our sister site Maritime CEO, and all the orders may well go on charter to parties beyond India.
Dynamic’s joint venture partners include Singapore’s Keppel and Seacor from the US. Management takes place out of Singapore, where rigs are also flagged.
For the full interview, click here. [03/04/14]