Singapore based COSCO wins jackup rig build contract that could be extended to two if included options are exercised.
The deal covers the build of one ‘Self-elevating Workover Unit’ for an unnamed Asian ship owner according to COSCO.
COSCO Wins Jackup Rig Build
The company have stated that the agreed price will be kept confidential, inline with the clients wishes, but did state that if ordered, the second unit would be of similar design and value.
All work fabrication work will take place at the company’s Nantong shipyard, China, with the first unit scheduled for delivery during the third quarter of 2017.