Greater China

ICBC negotiates rig pair

Shanghai: ICBC Financial Leasing is in negotiations to acquire a pair of jack-up rigs that are under construction for Singapore’s KS Drilling. The rigs are being built at Cosco Nantong.

KS Drilling ordered the rigs three years ago this month on a speculative basis. ICBC is looking to buy them and charter them to China Oilfield Services Limited (COSL). The first rig is set to deliver this month and the next one in June.  [12/05/14]

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