KS Drilling delays jack-up rig delivery

KS Drilling delays jack-up rig deliverySingapore’s driller KS Drilling has deferred a newbuild jack-up drilling rig delivery citing challenging drilling market conditions.

The company on Thursday said that delivery of the rig, named KS Orient Star 2, built by Cosco Nantong in China, would be delayed from April 30, 2016 until December 31, 2017.

This is not the first time the delivery has been delayed. In July last year, when the rig was ready for delivery, the two companies agreed to delay the delivery till April 30, and also included an option to sell the rig to a third party if an attractive offer comes their way.

KS Drilling ordered the rig back in May 2011. The rig is, of the LeTourneau Workhorse design, is capable operating in water depth of up to 400 feet water depth and has rated drilling depth of 35,000 feet.

Offshore Energy Today staff

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 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 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

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