CIMC

Yantai CIMC Raffles Offshore has secured two separate contracts from Beacon Holdings and Norshore Holdings to construct a rig and a drillship, respectively.

Under the deal with Beacon, CIMC will build a semi-submersible rig, Beacon Atlantic, which will be designed using the GM4-D design provided by Global Maritime.

Beacon Atlantic will be designed to operate in harsh weather conditions of the North Sea, Arctic environments and Barents Sea. The rig will feature a NOV-drilling package, DP3 and a 8-point mooring system.

Beacon Atlantic will operate in water depths of up to 500m and will drill wells up to depths of 8,000m.

The rig will be in-line with NMA, NORSOK and PSA-standards and will be classed by DNV. It is scheduled for delivery in Q4 of 2016.

Beacon Atlantic is the second GM4-design rig contracted to CIMC Raffles after the North Dragon, which is currently under construction.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

CIMC has also secured an option to build a second semi-submersible rig for Beacon Holdings.

In addition, CIMC has secured an order from Norway-based Norshore Holdings’ wholly-owned subsidiary to build a multi-purpose drillship.

The drillship will be used for riser-less drilling and well intervention operations globally, including the North Sea. It is scheduled to be delivery in the second half year of 2016.

CIMC has secured options to build a further three drillships for CIMC Raffles.

CIMC is a China-based wholly-owned subsidiary of the CIMC Group.


Image: The semi-submersible GM4-D design rig will operate under harsh weather conditions in North Sea, Arctic environments and Barents Sea. Photo: courtesy of Global Marine Group.

Ship Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Ship Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now