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Igor Sechin and CSOC President Chen U Ing agreed main contract parameters for dock facility construction for Zvezda Shipyard

01 June 2016

During his business trip to the Far East Rosneft Chairman of the Management Board Igor Sechin had talks with China Shipbuilding&Offshore Co.Ltd. (CSOC) President Chen U Ing. The parties agreed major parameters of the contract between CSOC China Shipbuilding Industry Corporation (CSIC) subsidiary and FES Zvezda for load out barge construction and supply to Zvezda.

The 40,000 t load out barge is being constructed to support the process of marine engineering facilities construction at the shipyard. It is expected that according to the contract, the Chinese companies will develop the design documentation, manufacture, test the dock in the town of Bolshoi Kamen and provide training for the crew.

This type of load out facilities is widely operated in the global shipbuilding practice, but has not ever been used in Russia. Bringing in a partner, a competent shipbuilding company from China which comprises all public shipyards in China north of Shanghai, mitigates the risks of the project. The experience of cooperation with China Shipbuilding Industry Corporation will allow continuing the interaction in the future for the construction of marine equipment of various complexity.

Note for editors:

Zvezda Shipyard is established on the basis of Far Eastern Shipbuilding and Ship Repair Center (FESRC) by Rosneftegaz, Rosneft and Gazprombank consortium. Rosneft will provide pilot throughput for the shipyard anf it signed an exclusive agreement with FESRC (Far Eastern Shipbuilding and Ship Repair Center) regarding placement of all the orders for the manufacture of new marine equipment and vessels at its facilities, and contracts for design, construction and supply of two reinforced ice-class multi-functional support vessels. New vessels of about 100 meters can be operated in extremely tough environment for Rosneft offshore projects in the Northern seas. Two more supply vessels will be constructed additionally.

Rosneft does everything possible to implement shipyard construction project. To ensure brand new technologies of shipbuilding and marine equipment construction, the Company engages the equipment not previously used at the Russian shipyards.

BSIC was set up in 1898 and is now one of the largest shipyards of China. Its key focuses are designing, shipbuilding, repair and modification of vessels, construction of large steelwork, development and manufacturing of ships made of glass fiber reinforced plastic and overhead cranes. Annual production capacity is 2MM t of metal working.

Information Division,
June 1, 2016