China’s Cosco Corporation has won a contract valued at more than US $200m to build a semisubmersible tender assist drilling rig for Energy Drilling Ptd. Ltd.
The company confirmed that its subsidiary Cosco (Guangdong) Shipyard Co. Ltd., itself a subsidiary of the company’s 51% owned subsidiary Cosco Shipyard Group Co. Ltd., secured the contract with Energy Drilling to construct the unit, with an option for an additional unit.
The turnkey contract includes the supply of the DES (Derrick Equipment Set), with delivery set for June 2015.
The rig is a GustoMSC Ocean400 TD design equipped to work alongside specialised deepwater truss spars, tension leg platforms, and compliant towers outside of benign environments, but is also well suited to production drilling in shallow water due to its ability to drill and mobilise quickly in adverse weather conditions, said Cosco.
When completed, the rig will be one of the biggest and most modern semisub tender assist rigs in the market, with the largest variable deck load (VDL) of 4,000 tonnes and the highest air-gap of 10 m (33 ft). The DES is designed to drill on platforms of more than 37 m (120 ft) in height and is equipped with a quad-mast rated for 1,000,000 lbs hook-load.
Recommended Reading
SCF Acquires Flowchem, Val-Tex and Sealweld
2024-03-04 - Flowchem, Val-Tex and Sealweld were formerly part of Entegris Inc.
GeoPark, Vitol Sign Offtake Deal for Llanos 34 Block
2024-05-10 - Under the agreement, GeoPark will sell and deliver to Vitol a minimum of 20,000 bbl/d of oil from the Llanos 34 Block in Colombia, which GeoPark holds 45% working interest.
Enbridge Closes First Utility Transaction with Dominion for $6.6B
2024-03-07 - Enbridge’s purchase of The East Ohio Gas Co. from Dominion is part of $14 billion in M&A the companies announced in September.
Pembina Cleared to Buy Enbridge's Pipeline, NGL JV Interests for $2.2B
2024-03-19 - Pembina Pipeline received a no-action letter from the Canadian Competition Bureau, meaning that the government will not challenge the company’s acquisition of Enbridge’s interest in a joint venture with the Alliance Pipeline and Aux Sable NGL fractionation facilities.
Global Partners Buys Four Liquid Energy Terminals from Gulf Oil
2024-04-10 - Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.