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HitecVision invests in Energy Drilling

HitecVision is pleased to announce a new platform investment in Energy Drilling Ltd, a tender drilling company which has three high specification tender rigs under construction.

Energy Drilling Ltd. (ED) was established in 2012 and is based in Singapore. The company is led by a management team with considerable experience from the tender drilling market, having been part of the management team in both Smedvig’s and Seadrill’s tender rig operations. The company is currently constructing and preparing for operation of the next generation of self erecting tender rigs, with two tender barges and one semi-submersible tender rig under construction at Cosco Group’s Guangdong yard. The first tender barge rig is expected to be delivered in May 2014, while the second tender barge rig and the semi submersible tender rig are expected to be delivered in August 2014 and July 2015, respectively.