Rig: Kai Xuan Yi Hao

Name Kai Xuan Yi Hao
Owner ICBC Financial Leasing Co. Ltd
Manager China Oilfield Services Limited (COSL)
Rig Type Jackup
Sub Type Independent Leg Cantilever
Jackup Type High-Specification
Max Water Depth (ft) 400
Max Drill Depth (ft) 35000
Dimensions (ft) 228 x 220 x 26
Leg Length (ft) 536
Competitive Yes

Current Location

Country China (PRC)
Region East Asia

Drilling Equipment

Drawworks Type National Oilwell Varco ADS 10Q
Drawworks HP 4600
Mud Pumps Type National Oilwell Varco 14-P-220 Triplex
Top Drive National Oilwell Varco TDS-1000A
Hookload Capacity (lbs) 2000000

Rig Construction Details

Rig Design LeTourneau
Rig Model Workhorse
Year Built 2014
Country of Build China (PRC)
Yard Name COSCO (Nantong) Shipyard
Group Yard Name COSCO Shipyard Group Co., Ltd. (COSCO)

Rig Contract Details

Operating Status Operational
Operator CNOOC

News

24 Jul 2014

COSCO delivers new jackup rig to China Oilfield Services Ltd

The Board of Directors of COSCO Corporation (Singapore) Limited wishes to announce that COSCO (Nantong) Shipyard Co., Ltd (COSCO Nantong), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered one (1) jack-up rig, ‘KAI XUAN YI HAO’ (Excellence 1), to its Asian buyer. The jackup which was successfully completed on the 30th June 2014, has now been handed over to its operator China Oilfield Services Ltd (COSL). The unit formerly known as the ‘KS Orient Star 1’ was purchased by ICBC Financial Leasing Co.Ltd and chartered for a five year period by COSL.

26 Jun 2014

COSL charters newbuild jackup from ICBC

China Oilfield Services Limited (COSL) announced that it has chartered a 400-feet jack-up rig, ‘Excellence I’, from ICBC Financial Leasing Co., Ltd. under an operating lease, and a naming ceremony for this rig hosted earlier today. ‘Excellence I’ measures 66.71 metres in length and is 67.06 metres in width. It is designed to operate at water depths of 400 feet and is capable of performing drilling operations at depths of up to 35,000 feet. It has been scheduled to commence drilling operations in China waters for clients by July 2014. ‘Excellence I’ is the third jack-up rig COSL has chartered year-to-date, as part of the efforts to meet rapidly growing domestic demand through deployment of external resources. Rigs that were chartered previously, ‘HYSY932’ and ‘Gulf Driller I’, have commenced operation in offshore China market with signing of the operation contracts on April 18th and May 13th respectively. The ‘Excellence I’ is believed to be the jackup formerly known as the ‘KS Orient Star 1’, which KS Drilling announced was sold to an unnamed buyer on the 19th June 2014.

19 Jun 2014

KS Drilling sells newbuild 'KS Orient Star 1'

KS Energy Limited (KS) has announced that a subsidiary of KS Drilling Pte Ltd (KS Drilling), KS Rig Invest Three Ltd., has agreed to sell the under construction ‘KS Orient Star 1’ jackup rig for a cash consideration of USD84.88 million. The unit has been sold on an “as-is, where-is basis”. The unit which was ordered by KS Drilling in May 2011, is due to be delivered in Q3 2014 from China Ocean Shipping Co’s (COSCO) Nantong shipyard in China. The unit has been built to LeTourneau’s Workhorse(R) rig design and can operate in max water depths of up to 400ft. The name of the purchaser was not released by KS.

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