Daewoo Shipbuilding and Marine Engineering (DSME) has received a $600m order from Alpha Eagle, a subsidiary of Atwood Oceanics, to build an ultra-deepwater drillship.
The vessel will be built at DSME yard in South Korea and is expected to be delivered by 30 June 2014.
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The ultra-deepwater drillship is expected to operate in water depths of up to 12,000ft and drill to a depth of 40,000ft.
Alpha Eagle said that, upon delivery, the vessel will become the 16th mobile offshore drilling unit owned by the company.
