COSCO Dalian Wins $170 mln Jack-Up Rig Order. Client Unknown

Chinese shipyard COSCO (Dalian) Shipyard Co. Ltd has announced it has secured a contract valued over USD170 million from an undisclosed European company to build one Jack-up drilling rig.

The rig is scheduled for delivery in the 3rd quarter of 2015.

“None of the directors or controlling shareholders of the Company has any interest, direct  or indirect in the contract. The contract is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2013,” said the company in a press release.

No further details have been disclosed.