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Cosco (Dalian) Shipyard has bagged a $170million contract from Talland Navigation for the construction of a jack-up drilling rig based on the LeTourneau Super 116E Class design.
The rig will be built to ABS (American Bureau of Shipping) classification, with notation A1, and is to be a self-elevating drilling unit.
It will be capable of drilling to a depth of 9,144M (30,000ft) and of operating in waters to 107m (350ft) depth.
It is to have accommodation facilities for up to 120 persons and is scheduled for delivery in Q1 2015. Talland Navigation is a subsidiary of Foresight Drilling of Sharjah. It is in turn a unit of Foresight Limited, London.