和记娱乐

On 29th December, 2015, TIGER-1 drill ship successfully completed the 12-days second sea trial. The trial was focused at mooring system and drilling system integrated acceptance test. The drilling package designed and manufactured by Honghua Group (HH) successfully passed the test with a satisfactory result.

TIGER-1 is the first intelligent drilling ship which has completely independent intellectual property rights in China. Sea trail area is located at 29°56’N/123°53’E, East China Sea, 82.5m water depth, totally 12 days. Main drilling items were tested successfully as below:
1. Subsea BOP lowering and retrieving integrated test;
2. Trip in/Trip out and pipe handling endurance test (Off-line activity);
3. VFD harmonic test with Drawworks, mud pumps and top drive;

Drilling equipment designed and manufactured by HH was proved to be reliable for all functions in the sea trial. Ship owner spoke highly of the successful trial and the “excellent” HH-TIGER project team on board.

The “TIGER” drilling package developed by HH is the first deep water floating drilling package designed and manufactured in China. With a drilling depth of 30,000 feet, it has an unparalleled edge in the drillship market with an operating water depth of 3000 - 5000 feet. This drilling package is a middle-to-high end configuration in the offshore engineering equipment manufacturing sector, owns mainstream functions of the international deep water drilling packages and completely independent intellectual property rights. The “TIGER” drilling package fills up at least 14 technological vacancies in the field of China.

It is the first time that a large number of new technologies independently developed by HH had been applied to offshore floating drilling platform, in China. The core equipment of the entire drilling package developed by HH has obtained Product Design Acceptance of ABS-CDS.

The successful drilling system test had been fully recognized and highly commended by the drillship owner and partners. From 2010 to 2015, it took 5 years for HH team to earn the trust from partners. Now, HH team has started follow-up work already to ensure TIGER-1 honor the agreement.

About HH
HH is one of the largest land drilling equipment manufacturers in the world, which is primarily engaged in manufacturing conventional land drilling rigs, digital drilling rigs, accessories of drilling rigs, as well as the parts and components for the drilling rigs or for the maintenance of the drilling rigs in operation. Leveraging on the strong R&D strength, high-quality production facilities and mature international sales network, HH’s products have been sold to a large number of famous enterprises all over the world, including major oil-production regions such as North America, Middle East, and emerging markets including South America, India, Russia, China, Africa. Meanwhile, the overall construction of the base located in Qidong County, Jiangsu Province progressed well, among which the dock basin project has passed the examination of related departments and the overall lifting of “Honghai crane” is expected to complete in 2015. Based on the existing solid foundation of the drilling rigs equipment, HH will implement diverse development strategies, and expand to become the integrated enterprise which is involved in the interaction development of three major sectors, including onshore and offshore areas, equipment manufacturing and oil and gas resources development (especially the unconventional oil and gas area), as well as engineering services.

For further information, please contact:

Honghua Group Limited
Ms. Jinny Chen
Tel: (86 28) 6817 6881
Fax: (86 28) 8297 1850
Email: ir@hhcp.com.cn