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China Shipbuilding Industry Co Ltd's Subsidiary Signs Contract with FTS DERRICKS PTE LTD

Sunday, 7 Jul 2013 08:00pm EDT 

China Shipbuilding Industry Co Ltd announced that its wholly owned subsidiary, a Shanhaiguan-based ship heavy industry company, has signed a contract with FTS DERRICKS PTE LTD to provide construction service of two CJ50-X120-D Rig (CJ50-01/02/03/04) jack-up drilling platforms, and for the option of building another two platforms, respectively effective July 5, 2013 and in three months after that. The total contract amount is USD 872 million, equivalent to RMB 5.388 billion. 

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