CIMC Raffles Cuts First Steel for Sinopec’s New Jack-Up Rig

China’s CIMC Raffles has kicked off work on a new jack-up rig for Sinopec. 

The steel cutting ceremony for the rig, named New Sheng Li #1 took place at the company’s yard in Yantai, China, yesterday morning.

This jack-up drilling rig will be designed and constructed based on the latest rules and regulations from CCS and China MSA, with the total length of 56 meters, width of 54 meters, depth of 5.5 meters, designed operating depth of 50 meters and maximum drilling depth of 7000 meters.

“New Sheng Li #1” is expected to be completed on the end of March, 2014 and would be deployed to exploit oil and gas in Bohai gulf.