Yantai Raffles shipyard to build third rig for Awilco
Exciting year ahead says Yantai Raffles chairman

Singapore headquartered Yantai Raffles Shipyard
Limited (“YRS”), following an option exercised, has signed a new contract to build a third semi-submersible rig for Norwegian firm Awilco Offshore Semi ASA

The GM4000-D rig is a semi-submersible unit with a dynamic positioning system, accommodation unit and ballasting system designed to support duties such as
intervention and drilling. Dubbed the ‘WilPromoter’, the vessel will be deployed to operate in the North Sea and Norwegian Sea upon completion. The rig is the third to
be built for Awilco Offshore, who currently have two other semi-submersible rigs under construction at the Yantai shipyard.

Two of the rigs have been awarded long term drilling contracts by Norsk Hydro Produksjon AS.

Mr Brian Chang, YRS Chairman said, “We are very pleased with the trust and confidence that Awilco Offshore has placed in us. We will continue to deliver the best to our clients in a manner that is both efficient and timely. We believe that this is just the beginning of a very exciting year as we foresee bigger and newer orders ahead.”