China Rongsheng Heavy Industries Group Holdings Limited announcs breakthroughs in offshore engineering market by securing two CJ46 jack-up rigsEPC contracts, with a total contract value of exceedingUSD 360 million, said in the company's press release. Italso marked the first jack-up rig orders received by the Group. With sound developments made in Rongsheng transformation and advancement strategy, China Rongsheng Heavy Industries is accelerating its growth into the high-end offshore equipment manufacturing field as a world-class offshore engineering service provider.
The two 1+1 jack-up rigs contracts are separately signed with two Singaporean customers. Each of them includes one confirmed order and one option of same product. These orders weresigned in an EPC contract (covering Engineering, Procurement, and Construction), with Rongsheng Offshore & Marine Private Limited (“Rongsheng Offshore & Marine”) and Jiangsu Rongsheng Heavy Industries Company Limitedjointly responsible for. China Rongsheng Heavy Industries is one of the few shipbuilders in China capable of undertaking an EPC project, and the winning of these orders highlight the technological and manufacturing strength of the Group in the offshore engineering field.
Representing the high-tech and high value-added engineering apparatus in deepwater oil exploitation, the CJ46 jack-up rigs areused as exploratory drilling platform for oil and natural gas. The jack-up rigsmeasure 65.25 meters in length overall, 62 meters in breath overall and 8 meters in depth of hull. With a maximum working water depth of 112 meters and drilling depth of 9,144meters, the jack-up rig meets the global requirements of oil drilling operations in mild-temperature waters.
Rongsheng Offshore &Marine, a wholly-owned subsidiary of China Rongsheng Heavy Industriesandregistered in Singapore, playsan important role in the Group’s offshoreengineering business and “transformation and advancement” strategy. Combined with the company’s innovative operating model and our strong manufacturing base in Nantong of China, the Group has gained greater access to the global market and strengthened their presence in the high-end offshore engineering equipment field.
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