News

Energy Drilling Acquires Rights to Two Newbuild Rigs

June 22nd, 2017

Energy Drilling Management Pte. Ltd. (EDMPL) is pleased to have signed a Memorandum of Understanding with China Merchants Industry Holdings Co. Ltd. (CMIH) on 16th June 2017, thereby acquiring exclusive marketing and operating rights to two premium newbuild drilling rigs.

Energy Drilling's CEO, Marcus Chew, explained "Despite the weak outlook for the offshore market, we are constantly on the lookout for opportunities to grow the company and to create exciting opportunities for all employees to grow with us. By acquiring the rights to market and operate newly built high spec rigs that have been abandoned in shipyards allows Energy Drilling to embark on our “capital light” strategy."

The first unit is a tender assist barge rig designated as Hull No. CMHI (JS)-151-1 which was delivered for development drilling in South East Asia and West Africa in 2016.

It is a high specification, quality build that is fully commissioned and ready for mobilisation upon short notice.


151-1 at quayside during commissioning with it's assembled DES at right


Second unit is a three-legged cantilever type jack-up drilling rig from Gusto CJ46-X100-D, and it is intended for use in water depths up to 350ft. in a moderate environment.

GustoMSC offers advanced technologies that gives it competitive advantages such as patented X-Y cantilever with full 1,500 Kips capability over the drilling envelope up to 70ft. x 40ft. and secured fixation for the jacking system.


Gusto CJ46-X100-D Drilling Jack-up incorporates both proven and advanced technologies


Energy Drilling’s VP Operation, Lyle Ewashen, commented "We welcome this opportunity to operate another new generation tender assist rig and look forward to putting it into active service as soon as possible. Even though we are a pure play tender assist service provider, we know jack-up rigs very well by competing against them for many years. The CJ46 is a unique unit and will offer an excellent opportunity for us to expand our line of services and expertise."