China’s Cosco Corp (Singapore) has landed a deal for a single jack-up rig newbuild from an unnamed European owner in a deal worth more than US $170m. The Chinese player also received orders for four offshore support vessels and revealed a large drop in Q2 profit on weaker revenues and high costs. An unidentified European rig player has signed up for a single jack-up at Cosco’s Dalian facility for delivery in Q3, Cosco said.
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