COSCO Delivers Drilling Tender Barge to Energy Drilling

COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the COSCO Corporation (Singapore) Limited’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a Self-Erecting Drilling Tender Barge to Energy Drilling.

The delivery documents were signed by and between COSCO Guangdong and the buyer recently.

The tender barge has a working depth of 2,000 meters, a drilling depth of 20,000 feet and is equipped with heavy lift cranes with a safe working load of 400 metric tonnes.

Energy Drilling has entered into contracts with the Cosco Shipyard Group to build two tender rigs and one semi tender rig with an option for 3 more at their Guangdong yard. Cosco is the only company in China with experience in the construction of tender rigs.

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COSCO, April 30, 2014