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Jiangsu Yangzijiang lays keel of its first jack-up rig

LONDON -- Amedeo reported that, further to the company' s statements on October 23, 2013, and January 23, 2014, the keel of its first rig order, the 350ft Le Tourneau Super Enhanced 116e (Le Tourneau Super Enhanced 116e), has been laid on schedule.
This is a significant step in the construction of the Le Tourneau Super Enhanced 116e, which involved constructing the 500-tonne hull and placing it on the skidway of the Jiangsu Yangzijiang Offshore Engineering Co. (YZJOE) new rig yard in Taicang, about 60km north west of Shanghai. Amedeo has an indirect 18.6% stake in YZJOE.
The laying of the keel, on schedule, demonstrates YZJOE' s ability to construct rigs on schedule and that the new rig yard is now operational. In addition, the new rig yard' s completion is on schedule for the middle of this year.
Ramlan Ahmad, Executive Director of Explorer 1, the customer for the Le Tourneau Super Enhanced 116e said: "We are impressed by the dedication and professionalism shown by YZJOE and how the build of its first rig, our Le Tourneau Super Enhanced 116e is progressing to quality and to schedule."
Glen Lau, CEO of Amedeo, said: "We are delighted with YZJOE' s progress on its first rig order and with its progress in constructing the new rig yard which is now operational. The Le Tourneau Super Enhanced 116e is on schedule to be delivered to quality and on time. The new rig yard is already operational and due to be completed in the middle of this year."



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