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Alliance Offshore Drilling agrees to sale of one under construction jackup rig

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06 December 2013

Alliance Offshore Drilling Ltd, a wholly owned subsidiary of TSC Group Holdings Limited (TSC) has announced an agreement to sell the first of its two under construction jackup rigs. TSC has sold the jackup to Hong Kong Petrolor Oilfield Services Ltd (Petrolor), a Hong Kong based onshore drilling service provider who are looking to enter the offshore drilling market. Petrolor is expected to take delivery of the Zentech R-550D jackup from TSC on the 30th November 2015 after it has been delivered by the CSSC Guangzhou Huangpu Shipyard in China. The sale of the unit leaves TSC with one further Zentech designed rig under construction at the shipyard, which is also due to be delivered in 2015.

Source: http://www.todayir.com/news/hk/en/press_pop.php?id=188661

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