Hong Kong: Local media is tipping the China Merchants controlled Yiu Lian Dockyards to win a landmark semi-submersible drilling platform worth up to $250m from Noble Energy. Yiu Lian, best known for its ship repair origins, is thought to have beaten Cosco Shipyard, Shanghai Waigaoqiao Shipbuilding and Singapore’s Jurong Shipyard for the contract.
The deal will be officially announced once Noble has secured a charter for the rig.
The price offered by Yiu Lian does not include drilling facilities which will be manufactured by Dutch firm Huisman. [12/03/14]