Zentech Signs Contract for Two Zentech Z-210 MOUs

February 8, 2016

Zentech Signs Contract for Two Zentech Z-210 Mobile Offshore Units

Zentech Incorporated of Houston, Texas, USA signed contracts with CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of (2) Z-210 Mobile Offshore Units. These contracts were finalized based on the Letter of Intent received by CSSC Huangpu Wenchong Shipyard on September 23, 2015.

The Z-210 is a self-propelled, self-elevating, DP-2 capable, ABS Class, high temperature (55 deg Celsius) rated 4-legged mobile offshore unit capable of operating in water depths of up to 280 feet.

The wide array of unique and innovative features of the Z-210 has already captured the attention of operators and one of these units has already been secured by an undisclosed operator in Asia! Discussions are ongoing with several interested operators form the Middle East and Asia for the second vessel.

Mr. Ramesh Maini, President and Founder of Zentech said, “These builds are very timely and will address the growing needs for lift-boats in the Middle East and Far East markets especially given the E & P expenditure trend towards shallow waters and well intervention activities. In addition, this will further strengthen the relationship of Zentech with CSSC, where three (3) Zentech design R-550D Jack-up Drilling units, capable of drilling in up to 400 foot water depth, are already being built.”

Mr. Dong Zhincheng, Vice President of CSSC Huangpu Wenchong Shipbuilding Co. Ltd. and also Chairman of GuangZhou Huangpu Shipbuilding Offshore Engineering Co.Ltd said, “CSSC Huangpu Wenchong Shipbuilding Co. Ltd., is pleased to have finalized these contracts and this further proves our strong construction capabilities and our deep relationships built over many years. We are also pleased to add yet another unique and innovative Zentech design mobile offshore unit to our already vast and expanding portfolio of new builds.”

Zentech, Incorporated is a Houston based marine engineering and naval architecture firm specializing in the offshore oil and gas and renewable energy industries. The company has more than thirty-seven (37) years of experience in providing innovative engineering solutions, and employs a professional staff of over 180 in six (6) international locations. Zentech’ s expertise encompasses dynamically positioned Semi-submersibles, Drill-ships, Jack-up drilling units, Modular Platform drilling rigs, Barge rigs, Fixed offshore platforms, shipyards, floating production systems, risers and pipelines.

CSSC Huangpu Wenchong Shipbuilding Company Limited is a large-scale state owned company and member of the China State Shipbuilding Corporation, with advanced ship design and manufacturing capabilities that have been proven since their construction of the HUAHAI 1 Drilling Platform in 1984. More recent innovations include the 400 ton shallow water heavy lift and pipe-laying vessel, an engineering survey vessel for 3,000 meter water depths, the Zentech R-550D Jack-up Drilling Unit and others which have resulted in CSSC-HPS becoming the major offshore specialty construction base in southern China.

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