Cosco Corporation (Singapore) Limited (the Company) reported Wednesday that Cosco (Nantong) Shipyard Co., Ltd (Cosco Nantong), a subsidiary of the Company's 51 percent owned Cosco Shipyard Group Co., Ltd, has delivered the jackup, “Kai Xuan Yi Hao”, to its Asian buyer.
The delivery documents were signed by and between Cosco Nantong and the buyer recently.
The jackup, measuring 218.8 feet (66.71 meters) in LOA (length of all), 220 feet (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.
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