Beijing: ICBC Leasing recently handed over a semi-submersible drilling rig to China Oilfield Services Limited (COSL), which is the first deal it has completed in the offshore sector.

“In the same time of developing the traditional ship leasing market, we are also actively developing the offshore market, we will invest more and expand our business in the offshore sector in the next few year,” said Cong Lin, president of ICBC Leasing.

“Reasonable allocation of funds, equipment, technology and other resources are very critical for offshore oil and gas exploitation, financial leasing companies can help domestic oil and gas companies to acquire much-needed equipments with flexible funding terms,” Cong added.

ICBC Leasing is one of the most powerful financial leasing companies in China with businesses involved in many sectors including aviation, shipping and energy.

Source from Sinoship