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2015 April 1   10:08

COSCO announces rescheduling of delivery of drilling rigs

COSCO (Dalian) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd, has agreed, following the request from a ship owner, to reschedule the delivery dates of two LeTourneau Super 116E jackup drilling rigs, the company said in its press release.The con tracts for the drilling rigs were announced by the Company on 14 November 2013.

COSCO Dalian acceded to the rescheduling of the delivery of the drilling rigs upon the request of and after negotiations with the ship owner. Pursuant to the rescheduling, the delivery dates fo r the drilling rigs will now take place in December 2016 and June 2017 respectively, nine months after their original delivery dates.

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