On April 16, 2014, CIMC Raffles delivered the "HYSY 932" Jack-up Drilling Rig to China Oilfield Services Limited ("COSL") in Yantai, Shandong. Mr. Jin Xiao-Jian, GM of Strategy& Planning Department for CNOOC & Board Director of CNOOC International Financial Leasing Company, Mr. Li Yong, CEO & President of COSL, Mr. Zhang Ai-Guo, Director of Administrative Committee of Dong jiang Free Trade Port Zone of Tianjin, Mr. Wu Han-Ming, President of CNOOC International Financial Leasing Company . Mr. Darren Leskoski, the Regional Vice President of ABS , and Mr. Yu Ya, President of CIMC Raffles, attended the Naming and Delivery Ceremony. "HYSY 932" will proceed to commence its operation in Bohai Bay. 

"HYSY 932" is a Super M2 Design Jack up Drilling Rig. Friede & Goldman provided the Basic Design, while CIMC Raffles completed both the Detail Design and Shop Design. And the whole construction process was supervised by Ocean Ch allenger,Singapore Company. Main technical parameters are: LOA 59.745m; BM 55.78m; HM 7.62m; Leg Overall Length 125m; Max. Drilling Depth 9144m. It can accommodate 110 persons and is Classed by ABS.

"HYSY 932" is the 6th Jack Up Drilling rig constructed and delivered by CIMC RAFFLES since 2011. In the first half of 2014, CIMC Raffles will deliver a total of three jack-up rigs to COSL. The first unit is a Multi-purpose Self-elevating Rig already delivered in February 2014 and now operating in the Bohai Bay with good operation performance. CIMC RAFFLES will deliver another Super M2 Jack-Up Drilling Rig to COSL in May 2014.

CNOOC InternationalFinancial Leasing provided the financial leasing services to "HYSY 932", its first project since inception. "HYSY 932" will be operated by COSL. Mr. Li Yong, CEO and President of COSL, said: "HYSY 932" is COSL's another innovative and successful operation in the mode of investing large equipment. This is a good start, and we believe that this will offer great support to COSL for the next five-year plan and even more long-term plan.'

Mr. Jin Xiao-Jian, GM of Strategy& Planning Department for CNOOC & Board Director of CNOOC International Financial Leasing Company, stated that: with the fast development of offshore industry, CNOOC was busy exploring and developing  oil fields around the whole world, and will demand much more drilling units and other offshore equipment. In a word, offshore industry will bring much more chance to COSL, CNOOC International Financial Leasing, CIMC Raffles and other relative companies in future.

CIMC Raffles has had the ability of batch build of 300feet Jack up units and 400feet Jack up units, and also had the overseas experience of doing Jack Up EPC Projects. The Jack up Production Unit designed by CIMC Raffles independently has entered the international market successfully.　


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