COSCO deliveres its new build Sevan Louisiana to Sevan Drilling ASA

COSCO (Qidong) Offshore Co., Ltd, a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered its new build Sevan Louisiana to Sevan Drilling ASA on 23 October 2013, the company said in its press release. The Sevan Louisiana is the third Sevan 650 Ultra-Deepwater Cylindrical Drilling Rig COSCO Shipyard Group has built for Sevan Drilling. The delivery documents were signed by and between C OSCO Qidong and the buyer recently. The Sevan Louisiana, measuring 99 meters in LOA (le ngth of all), 75 meters in breadth and 24.5 meters in depth, has a working depth of 3,800 meters and drilling depth of 12,000 meters.