Energy Drilling buys rights to two new rigs

Energy Drilling Management Pte. Ltd. has signed a memorandum of understanding with China Merchants Industry Holdings (CMIH), thereby acquiring exclusive marketing and operating rights to two premium newbuild drilling rigs.

Energy Drilling, a company from the HitecVision portfolio established to develop, build and operate self erecting tender rigs, said last week that the first unit is a tender assist barge rig designated as Hull No. CMHI (JS)-151-1.

It was delivered for development drilling in South East Asia and West Africa in 2016. It is a high specification build that is fully commissioned and ready for mobilization upon short notice, the company added.

The second unit is a three-legged cantilever type jack-up drilling rig from Gusto CJ46-X100-D, and it is intended for use in water depths up to 350ft. in a moderate environment.

Energy Drilling’s CEO, Marcus Chew, explained “Despite the weak outlook for the offshore market, we are constantly on the lookout for opportunities to grow the company and to create exciting opportunities for all employees to grow with us. By acquiring the rights to market and operate newly built high spec rigs that have been abandoned in shipyards allows Energy Drilling to embark on our “capital light” strategy.”

Energy Drilling’s VP Operation, Lyle Ewashen, commented “We welcome this opportunity to operate another new generation tender assist rig and look forward to putting it into active service as soon as possible. Even though we are a pure play tender assist service provider, we know jack-up rigs very well by competing against them for many years. The CJ46 is a unique unit and will offer an excellent opportunity for us to expand our line of services and expertise.”

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
27 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 29 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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