Stavanger-based investment company Energy Ventures has, along with Asian partners, established the new rig company Energy Drilling, run from Singapore, and placed a $260 million speculative order with the Chinese yard group for delivery of the two self-erecting tender barges in the second and third quarters of 2014, respectively.
The deal with Cosco includes options for two more tender rigs, to be declared before the end of this year, and the aim is to build Energy Drilling into an integrated rig company to manage and operate the new units.
