COSCO wins $500-million Sevan Brasil build contract

COSCO wins $500-million Sevan Brasil build contract

Offshore staff

SINGAPORE --COSCO (Nantong)  Shipyard Co Ltd. has won a $500-million engineering, procurement, construction , and installation contract for a deepwater DP3 semisubmersible rig to be named Sevan Brasil.

Block fabrication for the rig is under way. The new rig is based on the design of theSevan Drillerand is scheduled for delivery to Sevan Drilling Ptd Ltd. in 1Q 2012.

COSCO Shipyard Group says this award makes it the firstshipbuilder in China to have secured a full EPCI contract to construct a deepwater DP3 semi drilling rig.

03/15/2010

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