CIMC Raffles Cuts First Steel for Beacon Pacific Semisub at Yantai Yard
China's Yantai CIMC Raffles Offshore Ltd. (CIMC Raffles) reported Tuesday that the Beacon Pacific (mid-water semisub), currently being being for Beacon Pacific Group Ltd., cut its first steel at CIMC Raffles Yantai Shipyard.
CIMC Raffles will build the semisubmersible drilling rig based on GM4-D design, tapping on experience gained from delivering four GM series semisub earlier. The yard is cooperating with Global Maritime on the basic design and will hold 80 percent ownership of the intellectual property right for the semisub.
Beacon Pacific is equipped to work in harsh-environmental areas such as the Norwegian North Sea and the Barents Sea in water depths of up to 1,640 feet (500 meters) and drill up to 26,247 feet (8,000 meters). In addition, the seimsub, which can operate at a temperature of minus 20 degree Celsius, is equipped with DP3 dynamic positioning system and 8-point mooring system, meeting NORSOK standards and DNV GL latest specifications.
CIMC Raffles delivered COSLPROMOTER (mid-water semisub) in the first quarter of 2015, with the rig named “Rig of the Quarter” by Statoil upon commencement of operations in the North Sea.
Beacon Pacific -- the seventh North Sea semisubmersible drilling rig built by CIMC Raffles and the fifteenth deepwater semisubmersible to be built by CIMC Raffles -- is scheduled to be delivered in late 2017.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension