CIMC Raffles Company News

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China's CPOE Inks Deal for Newbuild Semisub Frigstad Shekou
Thursday, August 18, 2016 China National Petroleum Corp. Offshore Engineering Co. (CPOE) signs the contract to charter the Frigstad Shekou semisub upon delivery from CIMC Raffles' yard in Yantai, China in late 2016.

CIMC Raffles to Deliver Semisub Frigstad Kristiansand in 2Q 2017
Friday, April 01, 2016 Frigstad Offshore expects CIMC Raffles to deliver semisub Frigstad Kristiansand in the second quarter of 2017, six months later than Frigstad Shekou.

Coastal Contracts Updates on Arbitration Proceedings on Jackup Construction
Monday, March 07, 2016 Coastal Contracts updates on arbitration proceedings on the construction of a jackup by China's Yantai CIMC Raffles and Dynamic Driller.

CIMC Raffles Holds Naming Ceremony for North Dragon Semisub in China
Thursday, November 26, 2015 CIMC Raffles holds a naming ceremony for North Sea Rig Holdings' newbuild North Dragon semisub at its Yantai Shipyard in China, while construction work continues on two other similar rigs.

Coastal Contracts' Unit TML Seeks $5.65M in Damages from 2 Rig Builders
Monday, October 12, 2015 Coastal Contracts' subsidiary Thaumas Marine commences arbitration proceedings in Singapore to seek $5.65 million in claims relating to a jackup built by CIMC Raffles and Dynamic Driller.

CIMC Raffles to Deliver AGOSTO-12 to Coastal Contracts Ahead of Pemex Job
Wednesday, August 26, 2015 CIMC Raffles will deliver AGOSTO-12 jackup gas compression service unit to Malaysia's Coastal Contracts Friday ahead of a long-term charter with Pemex at the Cantarell oil field in the Gulf of Mexico.

CIMC Raffles Completes Mating Ops for Frigstad's UDW Semisub at Yantai
Thursday, June 25, 2015 CIMC Raffles completes mating operations for an ultra deepwater semisubmersible ordered by Frigstad at its yard in Yantai, China.

CIMC Raffles Cuts First Steel for Beacon Pacific Semisub at Yantai Yard
Wednesday, June 10, 2015 CIMC Raffles cuts first steel for Beacon Pacific semisub at Yantai yard in China.

CIMC Raffles to Co-Finance Semisub Construction Ahead of Demand Uptick
Thursday, March 19, 2015 Chinese rig builder CIMC Raffles is chipping in to tide over rig owners on financing newbuild semisubmersible projects.

CIMC Raffles Completes Assembly of North Dragon Semisub at Yantai Yard
Tuesday, January 20, 2015 CIMC Raffles successfully assembles the North Dragon semisub at Yantai shipyard in China ahead of delivery scheduled for December.

CIMC Raffles Wins Bid to Construct Jackup for Sinopec
Friday, December 26, 2014 China's CIMC Raffles wins bid to construct a jackup for Sinopec.

CIMC Raffles to Build Deepwater Semisub Accommodation Rig for C.Helios
Wednesday, November 19, 2014 CIMC Raffles clinches order to build a deepwater semisub accommodation rig from C. Helios and has revealed plans to develop a new generation semisub drilling rig with Bassoe Technology.

COSL Takes Delivery of Newbuild Seimsub COSLProspector from CIMC Raffles
Wednesday, November 19, 2014 China Oilfield Services Limited takes delivery of the newbuild COSLProspector semisub from CIMC Raffles at Yantai yard in Shandong province, China.

CIMC Raffles Delivers Jackup Coastal Driller 4001 to Coastal Contracts
Wednesday, August 13, 2014 CIMC Raffles delivers newbuild jackup Coastal Driller 4001 to Malaysia's Coastal Contracts in Yantai, China.

CIMC Raffles Delivers Newbuild Jackup HYSY 932 to COSL
Wednesday, April 16, 2014 CIMC Raffles delivers HYSY 932 to China Oilfield Services Limited, with the newbuild jackup to head to China's Bohai Bay soon to commence operations.

CIMC Raffles Receives Orders to Construct Drillship, Semisub
Friday, January 17, 2014 Yantai CIMC Raffles Offshore clinches orders to construct a drillship and a semisub for Norshore Holdings and Beacon Holdings, respectively.

CIMC Delivers Semisubs OOS Gretha, OOS Prometheus
Tuesday, November 26, 2013 CIMC Raffles held a naming ceremony for two Brazil-bound semisubmersible OOS Gretha and OOS Prometheus at its Yantai yard in China.

COSLProspector Completes Construction Milestone
Monday, September 30, 2013 COSL announces that assembly of the upper and lower hulls of the COSLProspector semisub at Yantai CIMC Raffles Offshore's yard in China has been completed.

First Steel Cut for Frigstad Deepwater Rig Alfa in CIMC Raffles' China Yard
Thursday, August 29, 2013 CIMC Raffles cuts first steel for the Frigstad Deepwater Rig Alfa semisubmersible at Haiyang yard in Shangdong Province, China.

Kongsberg Wins Contracts for Advanced Offshore Drilling Units
Friday, July 05, 2013 Kongsberg says it has been awarded $24.5 million worth of contracts from China's CIMC Yantai and South Korea's STX Offshore & Shipbuilding.