Vik­ing in­vests US$ 5.4m in sec­ond off­shore rig

OffComm News - - THE QUARTERLY -

Vik­ing Off­shore & Ma­rine Limited will par­tic­i­pate in the own­er­ship of a sec­ond can­tilever drilling jack- up rig, strength­en­ing its part­ner­ship with Sin­ga­pore rig vet­eran, Mr Chan Kwan Bian, as it ac­cel­er­ates en­try into main­stream off­shore rig char­ter­ing. The spe­cial pur­pose ve­hi­cle, con­trolled by Chan, is de­signed for use in depths up to 375 feet with ac­com­mo­da­tions for 120. Com­ple­tion is ex­pected within the fourth quar­ter of 2015. This is the same de­liv­ery sched­ule for an­other rig con­tract fi­nalised just four months ago by the com­pany.

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