Petroleum equipment provider China Petroleum Technology & Development Corporation (CPTDC) is in advanced talks with an offshore operator in the Middle East regarding the sale of some of the four jack-up rigs it has on order at Chinese yards.
The deal could be finalised within the next couple months, industry officials said, declining to name the potential buyer.
“It is through bilateral negotiation,” one source noted, adding that the exact number of the rigs to be sold remains unclear.
The
