China Drills High-Tech Drill Ship MartChina rallying in the global shipbuilding race has entered the high-tech drill ship market on the back of domestic demand.
According to a report by Motorship China's Cosco Dalian Shipyard has been awarded a US$500 million turnkey EPC (Engineering Procurement and Construction) contract by Dalian Deepwater Development to build an advanced and versatile DP3 deepwater drillship.
This unique vessel with a hull size of 291m by 50m is designed to operate efficiently and safely in harsh environments and at ultra-deep water depths up to 10 000 ft (3 050m) with drilling depths exceeding 30 000 ft (9 150m).
The vessel will have a separate production moon-pool with the largest variable deck-load capacity deck space and cargo storage capacity in the world. The drillship is upgradeable for enhanced well intervention capabilities extended well testing and early field production with 1- million-barrel crude oil storage capacity.
Cosco Dalian’s contract with Dalian Deepwater Development became effective on July 20 with the vessel expected to be delivered in the third quarter of 2012.
Global Brand A/S Hub of Marine Equipment