Qingdao Gute Ship Supplies Co., Ltd.

On March 3, Shanghai Waigaoqiao Shipbuilding Co., Ltd., a subsidiary of China State Shipbuilding Group, signed and delivered two JU2000E jack-up drilling platforms, "Guoshun" and "Guoxin", for Tianjin CSSC Construction Xin Marine Industry Investment Management Co., Ltd. Zhang Qipeng, Vice General Manager of Waigaoqiao Shipbuilding Co., Ltd., Yang Liping, Vice General Manager of Seagong Asset Management Co., Ltd., and Chen Wenli, General Manager of Asset Management Department attended the delivery ceremony. Mr. Wang Sheng, General Manager of the Business Department of Seasea Industry Asset Management Co., Ltd., and Mr. Hu Haijun, Vice Minister of the Second Department of Shipbuilding Design of Waigaoqiao, signed the document on behalf of both parties.

The JU2000E jack-up drilling platform delivered in this batch is one of the mainstream jack-up drilling platforms, mainly used for offshore oil and gas exploration and exploitation engineering operations. The platform was designed by F&G and has a 166.98m leg length, a 907 ton hook load, a maximum drilling depth of 35,000 ft and a water depth of up to 400 ft. It is ABS rated.