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2011 March 2   07:06

Cosco Nantong bags $130m order from Seadrill

John Fredriksen’s Seadrill has ordered a pair of tender rigs from Cosco (Nantong) for $130m. The two drilling units are due to be delivered in the first and third quarters of 2013. The contracts are worth $130m excluding owner furnished equipment. “The two rigs when completed will be equipped with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set,” Cosco said.

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