Cosco agrees with Asian client to delay jack-up delivery

Chinese offshore rig builder Cosco has agreed with an Asian client to delay the delivery of a newbuild rig by a year. 

Cosco’s Dalian shipyard secured a contract valued over $180 million from an unnamed Asian company to build a jack-up drilling rig in October 2013. The rig was initially scheduled for delivery in the third quarter of 2015.

Cosco informed on Friday that the owner and Cosco Dalian have mutually agreed to extend the delivery date of the rig from March 30, 2017 to March 30, 2018. The company explained that the extension was agreed upon taking into account the current unfavorable international marine market conditions.

The shipbuilder noted that due to the uncertainty as to when the owner will take delivery of the rig, it is not possible to ascertain the financial impact of the agreement for rescheduling at this point in time.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Posted on January 6, 2017 with tags .

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

19th Annual Arctic Oil & Gas Symposium

CI Energy’s 19th Annual Arctic Oil & Gas Symposium has brought together hundreds…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

INTERNATIONAL PETROLEUM WEEK 2019

International Petroleum (IP) Week is a renowned and respected fixture in the annual calendar…

read more >

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply