CMIC to Deliver Liftboat Jacking Systems to CTW

Thursday, July 21, 2022

Chinese companies CMIC and CTW (Tianjin) Offshore Engineering (CTW) on July 18 signed an agreement for strategic cooperation and supply of four liftboat jacking systems to CTW.

"The strategic cooperation framework provides the basis of cooperation for the construction of liftboats, to jointly develop front-end customer resources, provide better services for the back-end operations and for the further development of the maintenance service market," CMIC said,

CTW is a private company in the business of marine engineering technology research, consultation and services, and marine engineering equipment manufacturing, sales, and rental services and is mainly engaged in the design, manufacture, supervision, and marketing of self-jacking systems & self-propelled units. 

Two complete sets of Liftboat jacking systems have already been delivered by CMIC to CTW in the first half of this year. The total contractual amount of the six complete sets of liftboat jacking systems is RMB156 million(approximately USD23.1 million)which includes both the two sets already delivered and the four new sets ordered this week.

According to CMIC, the two firms have agreed to two more complete sets of liftboat jacking systems and electrical control systems. 

"All orders are for overseas ship-owners. In the future, the cooperation between the parties will focus on further enhancing product technologies, accelerating delivery and improving after-sales services, etc," CMIC said.

 In the past years, CTW has carried out proactive advancements in the offshore oil and gas and wind power markets, which has demonstrated its strong market operation capability. With its long history in the offshore engineering and energy industries, CMIC has strong equipment design and manufacturing strength, sound market and customer network and rich operation and maintenance experience in the fields of oil and gas and offshore wind power. Leveraging on this strategic cooperation, CMIC and CTW will seek for joint development in the future through leveraging on their respective resource advantages, features and jointly provide better products and services for the offshore oil and gas and wind power markets on the principal of "synergy and collaboration with mutual benefits".

Categories: Energy Liftboats Industry News Activity Asia Oilfield Services

Related Stories

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

CNOOC Brings New Offshore Gas Field On Stream

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Current News

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com