Vivekanand 3 (Foresight Offshore Drilling Ltd) (Jackup)

COSCO secures newbuild jackup order from Derwent Ocean

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08 May 2014

COSCO Corporation (Singapore) Limited (“COSCO”) has announced that the company has secured a new US$184 million contract for the construction of a newbuild jackup rig at its shipyard in Dalian, China. COSCO was awarded the contract by Derwent Ocean Limited S.A., which is part of the Foresight Group. The newbuild jackup is based on LeTourneau’s Super 116-E design and will be built to ABS classification. The rig will be able to drill in water depths up to 350ft, with a maximum drilling depth of 30,000ft, whilst accommodating 120 people on-board. Delivery of the unit has been scheduled for Q3 2016.

Source: http://cosco.listedcompany.com/newsroom/20140508_170909_F83_FGEGRZ2WFP9JZIE0.1.pdf


More News for Operator: Foresight Offshore Drilling Ltd

13 Aug 2012

Talland Navigation orders newbuild jackup from COSCO (Dalian)

The board of directors of COSCO Corporation (Singapore) Limited (COSCO) wishes to announce that COSCO (Dalian) Shipyard Co, Ltd., a subsidiary of COSCO’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a USD170 million contract from Talland Navigation Limited Corporation, a subsidiary of Foresight Limited (London) to build one jackup drilling rig based on the LeTourneau Super 116E design. The rig will be built to ABS classification, with notation A1 and will be a self-elevating unit. The unit will be capable of drilling to depths of 30,000 feet whilst operating in waters up to 350 feet deep. The rig is scheduled to be delivered in the first quarter of 2015.

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