China: COSCO Secures Jack-Up Rig Order

COSCO (Dalian) Shipyard has entered into a contract, valued over USD 180 million, with Dalian Deepwater Developer Ltd. for the construction of one LeTourneau Super 116E jack -up drilling rig.

Based on the LeTourneau Super 116E design, the rig will measure 70.09 metres in LOA, 62.8 metres in breadth, 7.92 metres in height.

Each spud leg will be 145.3 metres long. The rig will be capable of working in water depth of up to 350 feet and has a drilling depth of 30,000 feet.

The rig will have a crew of 120 and be classed by ABS. This is the third jack-up rig construction project COSCO (Dalian) has secured in 2013, following the two ordered by the British owner Foresight Limited.

The construction of the rig will begin in early 2014. The rig is scheduled for delivery in the 3rd quarter of 2015.

COSCO, October 25, 2013

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