China’s COSCO Nantong shipyard has delivered a jack-up rig to its Asian buyer.
The jack-up unit 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.
According to Infield, the rig is owned by ICBC Financial Leasing Co.Ltd and is now chartered by China Oilfield Services Ltd. (COSL) for a five year period.