The company is speaking with Daewoo Shipbuilding & Marine Engineering about placing a firm order for “at least” five jack-ups, the Wall Street Journal reported on Tuesday, citing an unidentified person it said is involved in the talks.
The rigs would be worth around $205 million each.
“There is a [memorandum of understanding] in the works with (Daewoo), but IOOC is also looking at other yards,” the source told the newspaper.
“Rig
