COSL eyes pair of jack-ups being built for Standard Drilling

By Tan Hwee Hwee

 10 January 2013 23:59 GMT

Chinese offshore services provider COSL is eyeing two jack-up rigs under construction at Singapore’s Keppel Fels for Oslo-listed Standard Drilling.

COSL and Standard Drilling are understood to have been in talks on the sale and purchase of the Oslo-listed player’s last remaining pair of KFELS Mod V B Class design jack-up rigs in Singapore.

COSL is keen to add more rigs to its operating fleet following a pick-up in offshore drilling activity within and outside China.

The state-owned rig operator had already brought two more semi-submersible drilling units to China. The semisub Pride South Seas was on charter from Landmark Offshore while a second unit, Nanhai 8, formerly Jim Cunningham, was purchased from…

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