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Frigstad Offshore secures CNPC rig contract

Singapore-based Frigstad Offshore has secured a charter contract from Chinese oil major CNPC for its semi-submersible drilling rig Frigstad Shekou.

The rig is Frigstad’s first of two drilling rigs under construction at China’s CIMC Raffles. It is set to commence sea trials in September and start operations for China National Petroleum Corporation Offshore Engineering Company (CPOE), a subsidiary of CNPC, upon delivery at the end of 2016.

Frigstad’s second semi-submersible drilling rig, the Frigstad Kristiansand, remains under construction at the Chinese shipyard.

Frigstad ordered the two rigs in 2013, with options to order additional four units. Deliveries in the original contract were set in the fourth quarter of 2015 and second quarter of 2016 and Frigstad had postponed the deliveries to the end of 2016 and 2017.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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