Shanghai Waigaoqiao Shipbuilding has sealed an order to build its first jack-up rigs.
Oslo-listed Prospector Offshore will pay $209m for each of the two harsh environment units which are due to be handed over in the first and second quarters of 2014.
The Norwegian outfit has also penned options with SWS for three more units at the same price.
These will be the first jack-up rigs for Waigaoqiao which has experience building ships, FPSOs and semisubmersible rigs.
The pair will be put together at the company’s new purpose built facility in Shanghai.
SWS reportedly accepted nominal 1% deposit to gain a foothold in high end of market.
The balance is payable on delivery scheduled for the first half of 2014.
Published : August 8, 2011