Jutal Offshore secures $490m worth of new contracts

Jutal Offshore secures $490m worth of new contracts

Chinese company Jutal Offshore Oil Services has announced that the company has obtained a slew of new contracts with total value of RMB3.5bn ($490m).

The contracts include large scale core modules construction for Arctic LNG 2 natural gas project, wind turbine jacket construction and other offshore engineering services.

Including the latest contracts, the company currently has a total backlog value of RMB5.4bn ($761m).

Jutal Offshore operates two offshore construction and engineering bases in Penglai and Zhuhai.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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