China?s first deep-water rig

Shanghai Waigaoqiao Shipbuilding (SWS) has won the contract to build China?s first deepwater drilling rig for China National Offshore Oil Corporation (CNOOC) with ABS awarded classification. The rig will be the first built by SWS which is known for building large bulk carriers and FPSOs. The rig is scheduled to be delivered in 2010 and the semi-submersible will be capable of drilling in 3,000 metres of water and to a depth of 10,000 metres.

SWS is a joint venture among China State Shipbuilding Corporation, Shanghai Bao Steel Group, Shanghai Electrical Group Corporation, China Shipbuilding Trade Corporation and Jiangnan Shipyard Group located in Shanghai.