Middle East

Yangzijiang in Qatar jack-up deal


Doha: Jiangsu Yangzijiang Offshore Engineering is getting close to ink a deal with Qatar Investment Corporation to build a jack-up drilling rig at its offshore facility in Taicang city, making it the first jack-up deal of the company since its establishment last December.

Yangzijiang Offshore Engineering is a joint venture established by Yangzijiang Shipbuilding and Qatar Investment Corporation in December last year, with a registered capital of US$110m.

Yangzijiang Offshore Engineering has two entities in Singapore and China respectively, the Singapore division will provide procurement, design and management consultancy services for the construction and repair of oil and gas marine vessels while the China division will be responsible for the construction of the offshore vessels and platforms. [28/11/12]


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