Singapore: Singapore-listed Cosco Corporation has announced that subsidiary Cosco (Guangdong) Shipyard has secured a contract with Energy Drilling to construct a semi-submersible tender assist drilling rig valued at over $200m with an option for an additional unit.
The turn-key contract includes the supply of the derrick equipment set. Delivery is set for June 2015.
The rig is a GustoMSC Ocean400 TD design equipped to work alongside specialized deepwater trussed spars, tension leg platforms, and compliant towers outside of benign environments and is well suited to production drilling in shallow water due to its ability to drill and mobilize quickly in adverse weather conditions. [22/02/13]
