Crosco Buys More Time with Ocean King Jackup

Crosco has announced a 219 day plus options extension of the bareboat charter contract with Diamond Offshore for the use of the jackup drilling rig Ocean King.

The extension is a direct continuation of the current two year bareboat charter which expires in mid-November, 2009. Crosco will continue to provide services with jackup rig Ocean King to clients in the Adriatic Sea.