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ZPMC bags $400m order to build two rigs

Shanghai Zhenhua Heavy Industries (ZPMC) has bagged a deal worth approximately $400m to construct two jack-up drilling rigs for Lovanda Offshore and Lovansing Offshore.

The two jack-up rigs, to be deployed in the North Sea, are scheduled to be delivered between 2016 to 2017, according to Shanghai-listed ZPMC.

The deal comes with an option for the two rig buyers to order two similar rigs based on the F&G JU-2000E design.

Last month, ZPMC won an order to build a deepwater derrick lay vessel for Petrofac.
Source: Seatrade Global
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