Xcite Energy has entered into a Memorandum of Understanding (“MOU”) with China Oilfield Services Limited (“COSL”), which sets out the principles for the provision of a new-build Keppel FELS N Class Plus, harsh environment jack-up drilling rig, together with equipment and personnel for the Bentley field, in the North Sea, offshore UK.
Final specifications of the rig are currently being agreed in order for construction to begin at the Keppel FELS yard in Singapore.
