Seatrium Letourneau USA, Inc. (SLET) and Cochin Shipyard Limited (CSL) have entered into a Memorandum of Understanding (MOU) to jointly design and supply critical equipment for jack-up rigs for the Indian market.
Leveraging CSL’s extensive experience in ship construction and engineering and SLET’s renowned technical expertise and design capabilities, this partnership aims to capitalise on opportunities for Mobile Offshore Drilling Units (MODUs) specifically designed to meet the needs of the Indian market.
This collaboration represents a significant milestone in Seatrium’s commitment to advancing India’s offshore energy industry with innovative, reliable, and efficient solutions.
Seatrium’s main business is the construction and repair of various drilling rigs. As of March 31, 2024, the shipyard’s total orders on hand stood at Rs. 225 billion (about $2.67 billion).