Zhenhua bags $2.2bn rig bounty

Chinese flag flutters next to an emblem on the Great Hall of the People during the annual National People's Congress (NPC) in Beijing on March 13, 2009. Nearly 3,000 Chinese lawmakers wrapped up their full session of parliament, an annual exercise of the largely rubber-stamp legislature that this year focused on the global economic crisis. AFP PHOTO/GOH CHAI HIN

GOH CHAI HIN

related stories

By Tan Hwee Hwee & news wire

 22 July 2009 02:24 GMT

Shanghai Zhenhua Heavy Industry has won $2.2 billion worth of orders from Spanish explorer Arborec Desarrollos Sociedad Anonima for the construction of drilling rigs and floating cranes.

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index