Agility Group has signed another contract with China Oilfield Services Limited (COSL) in China for the basic design of a semi-submersible drilling rig, specifically designed for drilling operations in the South China Sea. The agreement is the second of its kind with COSL and involves recruitments in both China and Norway.

The new drilling rig, known as the COSL5000FT, is based on Agility Group A5000 design is a direct development of Agility Groups GG5000-design which is now under construction at CIMC Raffles Shipyard in Yantai, China, COSL Drilling Europe. The agreement is the latest in a series of contracts with COSL and underlines Agility Group's presence and position in the Chinese market.

Agility Group opened its first office in China in 2008 and has experienced significant growth in the Chinese market from day one. Agreement with the Chinese COSL builds both skills within Marine Division in Sandefjord, Norway, and the engineering expertise we have built up in China over the past five years.

Tags: China Oilfield Services Limited