Overview of Qingdao Wuchuan mcdermott Ocean Engineering Co., Ltd.

Qingdao Wuchuan mcdermott Ocean Engineering Co., Ltd, which covers an area of 45 hectares, is located in Haixi Bay, Qingdao, the National Economic and Technological Development Zone, and is an important part of the national blue ocean strategy.

The company is adjacent to Qingdao Offshore Construction Base of China Offshore Oil Corporation and Beihai Shipyard adjacent to CSIC, and is a part of Haixi Bay Marine Equipment Construction and Ship Production and Repair Base. The total investment scale of Qingdao Wuchuan mcdermott Ocean Engineering Co., Ltd. is as high as 250 1 10,000 USD. The joint venture will integrate the advantages of both parties. Mcdermott has a patented construction system, production procedures, management mode and rich experience in international customer service. Wuchuan has a diligent and professional construction team, effective cost control methods and rich floating body construction experience. The CSIC/ Wuchuan New Shipyard (Area 2) next to the joint venture factory (1 area) will build floating bodies for the joint venture factory. The products built by the joint venture company include: onshore and offshore oil and gas processing modules, integrated platforms, SPAR floating bodies and large offshore floating oil and gas processing and storage facilities (FPSO), and provide FPSO services to customers in international markets such as Asia, Gulf of Mexico, South China Sea, Mediterranean, Middle East, Asia and West Africa. The joint venture factory will also strive to enter the onshore and offshore markets in China.