Under the terms of the deal National Oilwell will provide a drilling system, a mud mixing and solid controlling system, a BOP handling system and a rig jacking system. National Oilwell will provide the drilling system, inclusive of its design, construction, equipment supply and commissioning, on an EPC basis.
In a statement CNOOC Vice President Jiang Longsheng said, “The construction of the new jack-up drilling rig is mainly to satisfy the needs of COSL’s operations in the oilfield services market.”
“Its purchase of the internationally advanced drilling equipment and system will enhance COSL's technological and operational capabilities. It will also enable COSL to provide more comprehensive and quality services to its customers,” added Jiang.
COSL CEO Yuan Guangyu is happy with the deal and hinted more contracts could be in the offing.
“We will be signing other equipment purchase contracts in accordance with the progress of our construction program,” added Yuan.
