COSCO Shipyard successfully delivered two China’s first new-build Super 116E Jackup Drilling Rigs

Offshore Fleet NewsOn August 25, COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group has delivered two Super 116E Jackup Drilling Rigs, “VIVEKANAND 1”and “VIVEKANAND 2” at the same time to the Owner.

The rigs will be chartered to ONGC and will operate in the west coast of India.

The rigs are built in COSCO Dalian shipyard. The owner of the rigs is Foresight Limited from Britain and the charterer is India’s state-owned Oil & Natural Gas Corporation. During the construction, under the belief of helping the owner makes us succeed, COSCO Shipyard try their best to find financing resources and get the charter.

Finally under the support of Sinosure and the coordination of ICBC and CCB, COSCO Shipyard help the owner successfully achieve financing in China and secure the charter, which laids the foundation of successful delivery.


Source: COSCO   28.08.2016
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