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Honghua Offshore’s First PSV Ship was Successfully Launched Fully Implemented the Innovative Concept “Onshore Manufacturing of Offshore Equipment”

soruce:manager    click:5324    time:2014-12-10

(9 December 2014, Hong Kong) A leading global land drilling rig manufacturer – Honghua Group Ltd. (Stock Code: 196.HK) (“Honghua” or the “Group”), is pleased to announce that the first PSV ship constructed by Honghua Offshore Oil & Gas Equipment (Jiangsu) CO.,Ltd. (“Honghua Offshore”), a wholly-owned subsidiary of the Company, has been launched today with the support of Honghua’s self-constructed “Honghai Crane”. The ship will be delivered to the client, Nordic Offshore Supply Limited after accommodation and adjusting work completed in early 2015.



Mr. Zhang Mi, Chairman of Honghua Group Commented, “It is the first case in China to use ‘Honghai Crane’, the globally largest mobile crane to hoist the whole PSV ship to the water,  Honghai Offshore has fully implemented the innovative concept “Onshore Manufacturing of Offshore Equipment”, greatly shortened the construction cycle and decreased the construction cost of large offshore drilling equipment. We believe that ‘Honghai Crane’ will bring revolutionary innovation to the industrial chain and manufacturing technique of offshore drilling platform, and open the new era for the development of global offshore engineering equipment industry. Leveraging on the strong R&D capacity and manufacturing technique, Honghua Offshore will closely capture the development opportunity of offshore sector, actively propel the expansion of offshore engineering markets, continuously improve the strategic layout of the Group and further boost the long-term stable development of the Group.”





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About Honghua Group Limited (Stock Code: 196.HK)



Honghua 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, the Group’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. In 2013, 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 “Honghai crane” is officially put into use. Based on the existing solid foundation of the drilling rigs equipment, Honghua 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. Xiaoqi Ji


Tel: (852) 2520 5933 / (86 28) 8601 5242


Fax: (852) 2528 3929/ (86 28) 8601 3847


Email: ir@hhcp.com.cn


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