China: CIMC Raffles Orders Super M2 Jack-Up Rig Package from TSC

CIMC Raffles Orders Super M2 Jack-Up Rig Package from TSC

TSC Group Holdings Limited secures the second Super M2 jack-up rig (300 ft) package from CIMC Raffles Shipyard, following closely after the first package that was signed in October this year. Combining with the previous order, the two jack-up rig orders worth a total of approximately US$68 million. Both rigs are expected to be delivered by 4th quarter of 2013.

“We are pleased that CIMC reaffirms its confidence in TSC’s integrated solution expertise in providing unique rig turnkey solutions through exercising the option to purchase a second Super M2 jack-up package this year. This is the sixth jack-up rig package for TSC Group. The repeat orders certainly fortify TSC’s growing reputation in the offshore industry and bears testimony to the success in the delivery of the previous rig packages. TSC Group continues to deliver reliable high-performance drilling equipment, customer oriented and innovative services that is integrated into these rig packages meeting the high quality and safety requirements of our ultimate clients. We have received increasing number of enquiries from other customers globally, and are confident that TSC Group will soon become the preferred choice of customers worldwide.” said Mr. Morgan Zhang, the CEO of TSC Group.

The Friede and Goldman (F&G) designed Super M2 is a self-elevating drilling unit operating in water depths of up to 300 feet, with a drilling depth of 30,000 feet. TSC Group will design, manufacture, install and commission the integrated drilling rig package for the rig which will be delivered to CIMC Raffles Shipyard in Yantai, Shandong Province.

Source: TSC Group , November 9, 2011: Image: CIMC