COSCO delivers jack-up to ICBC

Business & Finance

July 30, 2014

China’s COSCO Nantong shipyard has delivered a jack-up rig to its Asian buyer.

The rig, named Kai Xuan Yi Hao, measures 66.71 meters in LOA and 67.06 meters in width.

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.

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Offshore Energy Today Staff, July 30, 2014