China’s SinoOcean Offshore Assets Management will quickly re-modify some of the jack-up rigs abandoned by foreign rig owners at Chinese yards into construction vessels to meet surging demand for offshore wind farm installations.


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The government-controlled offshore rig and vessel manager has signed a bareboat agreement to charter two offshore drilling rigs it currently manages to PowerChina Guizhou Engineering, a power facility engineering, procurement and construction contractor owned by power utility China Huadian.