A bankrupt Norwegian owner’s partially-finished offshore newbuilding will hit the water in two years after Cosco Corp (Singapore) scooped a new contract.
Dalian Deepwater Development has given the contract worth over $500m to the yard for a single drillship.
The vessel will be made using the hull and some machinery from a floating, drilling, processing, storage and offloading (FDPSO) already built by Cosco Dalian.
