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Fram bankruptcy sees Cosco halt rig pair

Chinese yard Cosco has stopped work on the fabrication of a pair of cylindrical drilling rigs and its customer Norwegian newcomer Fram Drilling has filed for bankruptcy.

Calling a halt: Cosco stops works on rig pair as Fram goes under
Calling a halt: Cosco stops works on rig pair as Fram goes under
  • Xu Yihe & Ole Ketil Helgesen, Singapore & Stavanger
Published 4 December 2015, 08:42Updated 17 October 2016, 12:28
Asia & Oceania