Zentech Signs Contract for Two Zentech Z-210 MOUs

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.

Zentech honored by National Drilling Company in Abu Dhabi

Contact: Mr. Ravi Maini, Tel. 281-558-0290 (Mobile: 713-240-9102)

National Drilling Company (NDC) CEO Mr. Abdalla Saeed Al Suwaidi has presented Zentech with a Certificate of Appreciation for the Engineering Design and Construction Support of the NDC Jack-Up Rig Diyina, Rig Integrity Assurance Program (RIAP) during the completion ceremony held at Dubai Dry Docks Shipyard on December 17, 2015.

NDC has adopted the life extension of its current rig fleet by doing extensive modification and repair so that it meets the requirement of present day drilling, environment and operational regulations. The upgrade is done as to enhance the performance, integrity and HSE standards of the rig. Zentech had carried out the project feasibility study (Phase 1), Basic Engineering & Design (Phase 11) and Technical Support during construction (Phase –III) for the RIAP program. This is the second rig in the line of 3 Hitachi rigs which are designed Zentech as part the upgrade program and followed by the NDC Yemilah drilling rig.

Zentech has carried out similar upgrade project for other NDC rigs like the Al Ittihad, the Junana, the Al Ghallan and the Al Yasat.

DNV GL Presentation of Certificate

Contact: Ravi Maini, Tel. 281-558-0290 (Mobile: 713-240-9102)

Zentech has recently joined hands with eleven other partners and DNV GL so as to work together on a Joint Industry Project (JIP). The JIP is based on a Recommended Practice (RP) issued last year due to maintenance and inspection challenges of a Jackup systems. All the partners have expressed a positive outlook and strongly believe that collaborations of this sort is what’s best to face the challenges of the current market. Zentech is very proud to be part of this collaboration.

American Society of Indian Engineers and Architects Scholarship

Contact: Ravi Maini, Tel. 281-558-0290 (Mobile: 713-240-9102)

The American Society of Indian Engineers and architects (ASIE) is a non-profit organization dedicated to providing a network for engineers and architects of Indian origin in the Greater Houston Metropolitan area. ASIE assist members in advancing their careers and brings together entrepreneurs to facilitate a strong business network through educational seminars, workshops and networking events.

The foundation of Zentech’s business was built on hardworking, well-educated and bright engineers. In an effort to aid the next generation of talented and accomplished engineering and architecture students, Zentech sponsored a scholarship for the ASIE Scholarship Program, established in 1998. A total of eight students received scholarships this year, of which one student, perusing a Subsea Engineering Degree, received the Zentech Scholarship. The Scholarship presentation ceremony was held November 6, 2015.

Zentech signs LOI to build two MOUs

Contact: Ravi Maini, Tel. 281-558-0290 (Mobile: 713-240-9102)

CSSC Huangpu Wenchong Shipbuilding Company Limited, received a Letter of Intent on September 23, 2015, from Zentech Incorporated of Houston, Texas, USA for the building of two (2) Z-210 Mobile Offshore units.

The Z-210 is a self-propelled, self-elevating, DP-2 capable, ABS Class, 4-legged mobile offshore unit capable of operating in water depths of up to 280 feet.

Mr. Ramesh Maini, President and Founder of Zentech said, “this will further strengthen the relationship between Zentech and CSSC; where three (3) Zentech design R-550D Jack-up Drilling units, capable of drilling in up to 400 foot water depth, are being built.”

Mr. Chen Zhong Qian, Chairman of CSSC Huangpu Wenchong Shipbuilding Co. Ltd., said, “CSSC Huangpu Wenchong Shipbuilding Co. Ltd., is pleased to add yet another unique Zentech design mobile offshore unit to our already vast and expanding portfolio of new builds.”

AOD Exercises Options for Two R-550D Jack-ups

Contact: Ravi Maini, Tel. 281-558-0290 (Mobile: 713-240-9102)

HOUSTON, TEXAS – Alliance Offshore Drilling (AOD) exercised options to build two additional Zentech R-550D jack-up rigs at CSSC Huangpu Wenchong Shipyard (HPWS) in Guangzhou, China. The contract was signed to further strengthen an already successful relationship between AOD, HPWS, TSC and Zentech Inc (Zentech); and further display the continued positive market response received for the first R-550D rig, AOD1, which is currently in the final phase of installation and commissioning at HPWS.

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