Viking invests US$ 5.4m in second offshore rig
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.