AsiaGreater ChinaOffshoreShipyards
Shanhaiguan Shipbuilding Industry cancels Falcon Energy jackup rig contract
CSIC-affiliated Shanhaiguan Shipbuilding Industry has terminated a contract for one of four jackup drilling rigs ordered by Singapore’s Falcon Energy.
In June, Falcon Energy announced that it has cancelled three out of four rigs on order at Shanhaiguan Shipbuilding and it was in negotiations with the shipyard regarding the last rig, for which construction has already been completed.
The four jackups were ordered by Falcon’s subsidiary FTS Derricks in 2013 for a total of $872m.
An official at Shanhaiguan Shipbuilding confirmed to Splash that it has cancelled the contract for rig, and the shipyard is now making efforts for its resale.