Falcon
Energy
Group
is
understood
to
have
awarded
a
newbuild
contract
to
China
Merchants
Yiu
Lian
Dockyards
for
a
pair
of
jack-up
rigs.
Upstream
earlier
reported
the
two
rigs
will
be
built
to
GustoMSC
CJ46
design.
Construction
of
the
two
jack-up
rigs
is
expected
to
take
about
two
years
to
complete.
The
company
declined
to
comment
on
the
newbuild
plan
but
said
the
fundamentals
for
offshore
drilling
are
expected
to
remain
strong
in
an
environment
of
high
oil
prices
despite
the
current
weakness
in
the
global
economy.
Falcon
Energy
owns
and
operates
12
accommodation…
