Rig: COSLGift

Name COSLGift
Owner China Oilfield Services Limited (COSL)
Manager China Oilfield Services Limited (COSL)
Rig Type Jackup
Sub Type Independent Leg Cantilever
Jackup Type Premium
Max Water Depth (ft) 375
Max Drill Depth (ft) 30000
Dimensions (ft) 226.8 x 203 x 25.4
Leg Length (ft) 483.5
Competitive Yes

Current Location

Country Saudi Arabia
Region Middle East

Drilling Equipment

Drawworks Type --
Drawworks HP 3000
Mud Pumps Type --
Top Drive --
Hookload Capacity (lbs) 1500000

Rig Construction Details

Rig Design Gusto MSC
Rig Model CJ46-X100-D
Year Built 2013
Country of Build China (PRC)
Yard Name Mazou Island
Group Yard Name China Merchants Industry Holdings Co., Ltd. (CMIH)

Rig Contract Details

Operating Status Operational
Operator Saudi Aramco


2 Jan 2014

'COSLGift' jackup delivered from yard and enroute to South East Asia contract

China Oilfield Services Limited (COSL) has announced that 'COSLGift', the jack-up rig newly acquired by COSL has completed construction, been delivered and set sail to Southeast Asia to perform operations there. 'COSLGift', acquired in August 2013, is a high-end jack-up rig of the same model as 'COSLHunter' which was delivered in early December 2013. This is among one of world's mainstream jack-up rig models. 'COSLGift' is capable of operating at water depths of 375 feet and perform drilling operations at depths of up to a maximum of 30,000 feet, with maximum persons count on board at 124 crew members and a variable load of 3,500 tonnes. It sets sail to Southeast Asia and is expected to start operation in mid-to-late January 2014, while its sister 'COSLHunter' had been towed to Gulf of Mexico to perform operation in early December 2013.

22 Aug 2013

Falcon Energy sells two Gusto MSC CJ46-X100-D jackups to COSL

The Board of Directors of Falcon Energy Group Limited (Falcon) wishes to announce that its indirect subsidiaries, TS Amber Limited and TS Pearl Limited, have entered into two sale and purchase agreements and two novation agreements with COSL Drilling Power Pte Ltd and COSL Drilling Craft Pte Ltd respectively, to novate their rights and obligations under the shipbuilding contracts relating to the design, construction and delivery of the two Gusto MSC CJ46-X100 jack-up drilling rigs. The novation fee payable by COSL Drilling Power Pte Ltd to TS Amber Limited and COSL Drilling Craft Pte Ltd to TS Pearl Limited (as the case may be) for the novation of each shipbuilding contract was arrived at on a "willing buyer willing seller" basis. Both TS Amber Limited and TS Pearl Limited are wholly-owned by TS Drilling Pte. Ltd. (TS Drilling), an indirect subsidiary of Falcon. TS Drilling is a 70%-owned subsidiary of FTS Derricks Pte. Ltd., which is 65% owned by the Company and 35% owned by Mr Cai Wenxing (a director of the Company).

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