Monday, April 23, 2012

COSCO nets two more rigs



Cosco Corporation (Singapore) has secured a $220m contract to build a pair of self erecting drilling tender barges.

The deal, with Singapore-based Energy Drilling, comes attached with options for two more vessels.

Cosco Guangdong Shipyard will deliver the pair in the second quarter of 2014.

Just last week the company’s Nantong yard, one of seven it owns in China, bagged a similar order with John Fredriksen's Seadrill.

The barges will be equipped with heavy lift cranes with a safe working load of 400 tonnes.

They are designed for quick moves from platform to platform and for maximum drilling uptime and will be able to operate in shallow waters of up to 700 feet with its own mooring system.

They will also be able to operate in deep waters of up to 6,000ft on Spars oil platforms and tension leg platforms with prelaid mooring systems supplied by oil companies.

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