Two Jack-up Drilling Rigs of SDME Delivered and Put into Operation

On December 4, two high-performance jack-up drilling rigs of SDME—Energy Embracer and Energy Enticer were delivered to and put into operation in Shanghai Waigaoqiao Shipbuilding Co., Ltd. (“Shanghai Waigaoqiao Shipbuilding”). The two rigs will be shipped to the northern seas of Qatar to provide offshore oil and gas drilling services for QGPC. Jing Shikuan, deputy director of Shandong Provincial Department of Industry and Information Technology, Zhao Xianfu, deputy secretary of CPC SDME Committee and general manager of SDME, and Wang Qi, chairman of Shanghai Waigaoqiao Shipbuilding attended the delivery ceremony and made a speech respectively. Yu Bing, vice general manager of SDME, also joined the delivery ceremony.

Deputy Director Jing Shikuan pointed out in his speech that the marine engineering equipment industry is an important foundation and support for the state’s implementation of the Marine Power strategy, and one of the top ten key development industries for new growth drivers replacing old growth drivers in Shandong Province. It’s hoped that SDME could take this opportunity of rig delivery and operation to enhance its operation service innovation ability, continuously expand the international market, accelerate the vertical advancement of Shandong’s marine engineering industry and give Shandong the marine power to a broader stage.

General Manager Zhao Xianfu indicated that SDME, as an integral part of the marine industry, would persistently advance the high quality development of marine engineering equipment. It’s hoped that SDME and Shanghai Waigaoqiao Shipbuilding could continue to uphold the philosophy of advantage complementarity, resource sharing and risk pooling, enhance coordinated development level, and jointly drive the higher-end, better quality and more effective development of marine engineering equipment, and make greater new contribution to the Marine Power drive.

Chairman Wang Qi stated that Shanghai Waigaoqiao Shipbuilding and SDME would uphold the principle of win-win cooperation and mutual understanding to make innovations on business models and set up an innovation cooperation benchmark for state-owned enterprises in the industry. It’s hoped that Shanghai Waigaoqiao Shipbuilding and SDME could unfold more extensive cooperation in more fields, forge a more solid mutually beneficial and win-win partnership to jointly propel the development of the national marine economy.

In active response to the Belt and Road Initiative in recent years, SDME has relied on its rich experience in marine security operation, specialized international operations and management team and well-developed operations and service system to continuously expand the international market. The “four great victories” in 2019 regarding oil and gas drilling service projects to provide marine four jack-up drilling rigs for Qatar and UAE have successfully established SDME as a brand in the international oil and gas drilling service industry, providing strong support to Shandong’s drive of building a strong marine province and acceleration of new growth drivers replacing old growth drivers.