Rigs and Vessels

China auctions high-spec jack-up rig abandoned by Singapore owner

Fourth CJ50 rig initially ordered by Falcon Energy is now valued at about $40 million

Unfinished: the CJ50 TS Corpal rig is now stacked at Shanhuaiguan Shipbuilding in northeastern China's Liaoning province — Unfinished: the CJ50 TS Corpal rig is now stacked at Shanhuaiguan Shipbuilding in northeastern China's Liaoning provincePhoto: GLOBE MARITIME INSPECTION (TIANJIN)

Xu Yihe

Singapore

Published 23 June 2022, 04:16Updated 23 June 2022, 04:16

Shanhaiguan Falcon Energy China Asia & Oceania East Asia