Beijing: Wuyang Steel inked a strategic cooperation agreement with TSC Group Holdings, a product and service provider for onshore and offshore drilling industries, for the development and production of the legs of jack-up drilling platforms.
According to the agreement, the two sides will focus on the key technology and material production for the jack-up legs. The cooperation will reduce the production cost of the legs and improve the Chinese offshore engineering shipyards’ competitiveness, the company said. [24/09/13]
