COSCO (Nantong) Shipyard delivers one jack-up rig to its Asian buyer
COSCO Corporation (Singapore) Limited announces that COSCO (Nantong) Shipyard Co ., Ltd , a subsidiary of the company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered one jack-up rig, “KAI XUAN YI HAO”, to its Asian buyer, the company said in its press release.
The delivery documents were signed by and between COSCO Nantong and the buyer recently. The jack-up rig, measuring 66.71 meters in LOA (len gth of all), 67.06 meters in width, is designed to operate at water depths of 400 feet and is capable of performing drilling operations at depths of up to 35,000 feet.