CSL signs MOU with Seatrium Letourneau USA, to develop jack-up rig design

State-owned Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MOU) with Seatrium Letourneau USA, Inc. (SLET) for the design and critical equipment for jack-up rigs for the Indian Market.

Building on CSL’s extensive experience in ship construction and engineering and SLET’s renowned technical expertise and design capabilities, this partnership aims to capitalize on opportunities for Mobile Offshore Drilling Units (MODUs) designed to meet the needs of the Indian market, the company stated in a filing.

This collaboration is in line with the Government’s efforts under the "Make in India" initiative.

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