Yangzijiang unit gets first offshore oil & gas order worth US$170m

Yangzijiang Shipbuilding (Holdings) has clinched its first offshore oil and gas order worth US$170 million (S$207 million), with an option for an identical order.
Source:businesstimes     Time:03 Dec 2012


Yangzijiang Shipbuilding (Holdings) has clinched its first offshore oil and gas order worth US$170 million (S$207 million), with an option for an identical order.

The construction contract was signed between Yangzijiang's 78 per cent owned Jiangsu Yangzijiang Offshore Engineering Co Ltd, and Explorer I Limited, which is wholly owned by Mena Offshore Investments Limited, Yangzijiang said on Monday.

Jiangsu will construct and deliver a Letourneau Super 116E Class design self-elevating mobile offshore jack-up drilling rig by the second quarter of 2015

The rig will be capable of drilling to 30,000 feet depth and operate in 350 ft depth. It will be equipped with drilling equipment and systems with accommodation for 120 persons.

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