News Release


CIMC Offshore Engineering Assets will deliver jack-up rig “Wan Zuan 3” for operation in South China Sea


Tianjin Kaisheng Offshore Engineering Equipment Leasing Co., Ltd., a member company of CIMC Offshore Engineering Assets, recently held a ceremony in a shipyard of Yantai CIMC Raffles to deliver the 300-foot jack-up platform "Wan Zuan 3" (WZ3). The rig will head to South China Sea for workover operations.

The customer representative team of CNOOC, the project team of COSL, the representatives of CCS Classification Society, the project team of CIMC Raffles and the offshore engineering asset team of CIMC attended the ceremony.

With the F&G SUPER M2 design, the WZ3 could be operating at a depth of 300 feet and its drilling depth reach 30,000 feet.

CIMC Offshore Engineering Asset Operation and Management Company has established permanent agencies in China, Singapore, the Netherlands and Norway, respectively. Relying on the international platform of CIMC, adhering to the concept of providing customers with customized delivery plans, and fully satisfying the delivery needs of customers, CIMC Offshore Engineering Assets has successfully delivered, disposed of and operated more than 20 offshore engineering assets.

Since 2022, the oil and gas market has been improving. CIMC Offshore Engineering Assets has responded quickly to the market after accurately predicting the market trends. The Company’s teams seized the opportunities and achieved efficient synergy, successfully realizing the effective operation of many of its assets. In the first quarter of 2023, CIMC Offshore Engineering Assets cooperated with customer teams, project teams, operation teams, service providers, outsourcers, equipment suppliers and other resources to ensure the smooth operation of multiple platforms, fully demonstrating the comprehensive business capabilities of enterprise operation management, project management and supply chain management, further enhancing its international influence.

The person in charge of the offshore engineering assets of CIMC said that the Company had previously cooperated with COSL for a number of projects, and the successful delivery of the WZ3 marked another important step for the cooperation between the two parties in the field of energy equipment. On this basis, in the future, both parties will further leverage their respective advantages to jointly contribute to the oil and gas exploration and development and energy supply security of China.