By ANGELA TAN
COSCO Corporation (Singapore) Limited said on Thursday that COSCO Dalian Shipyard Co Ltd has secured a turn-key EPC (Engineering, Procurement and Construction) contract worth more than US$500 million with Dalian Deepwater Development Ltd to build an advanced and versatile DP3 deepwater drillship.
The contract with Dalian Deepwater Development Ltd became effective on 20th July 2010 and the vessel is expected to be delivered to the buyer in the third quarter of 2012.
