CIMC Raffles Holds Naming Ceremony for North Dragon Semisub in China
Yantai CIMC Raffles Offshore Ltd. (CIMC Raffles) announced Thursday that the newbuild North Dragon (mid-water seimsub), owned by North Sea Rig Holding Ltd., has been named in a ceremony at the company's Yantai Shipyard in China.
When operational, the North Dragon semisub, which meets the requirements laid down by the Norwegian Maritime Directorate (NMD) and Norway's Norsok standards, can operate in North Sea and the Barents Sea. The dynamic position 3 (DP3) DNV GL-classed semisub, which can work in waters up to 1,640 feet (500 meters) and drill up to 26,246 feet (8,000 meters), is equipped with an 8-line mooring systems. The ice class North Dragon can also operate at temperatures up to minus 25 degree Centigrade.
"Adopted GM4-D design, the basic design of North Dragon is completed by Global Maritime and CIMC Raffles, while all detailed design and construction are independently finished by CIMC Raffles. Furthermore, CIMC Raffles owns 80 percent (of the) intellectual properties," the company said in a press release.
Meantime, CIMC Raffles revealed that Beacon Atlantic (mid-water semisub), the second GM4-D unit designed and built by the firm, is now undergoing mating of the deck box and the low hull. Delivery of Beacon Atlantic is scheduled for the last quarter of 2016.
Separately, the Chinese rigbuilder reported that building of the upper and lower hull for the Beacon Pacific (mid-water semisub) -- the third GM4-D unit being constructed by CIMC Raffles -- is ongoing with delivery of the rig targeted for the last quarter of 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
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- 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
- 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
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- 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
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea