Also known as Yantai CIMC Raffles Shipyard and CIMC Raffles Group.
chemXplore tracks 2 projects involving CIMC Raffles, of which 2 are active.
CIMC Raffles's role on them: EPC and Technology / equipment supplier.
2 new construction.
Contractors and licensors are recorded on all 2 of them For subscribers
Targeting: Crude oil (2), Natural gas (2), Carbon dioxide (1)
225,000 bbl/d oil capacity and 12 million m³/d gas processing; first of a six-platform series; P-80 and P-82 due to start production in 2027.
Two pre-salt platforms bound for the Búzios field will sail to Brazil for 2027 start-up; each can produce 225,000 b/d and treat 12 million m³/d of gas.
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
Quarterly results bolstered by record own oil output, above-100% refinery utilization and higher derivative production, supporting cash generation and lower imports.
Revenue $2.76bn; net income $363m; Subsea inbound $2.5bn; cash from operations $548m and free cash flow $488m; $440m returned to shareholders.
Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.
Record reached after P-78 and P-79 began ramping up; field operates eight production units and plans 12 FPSOs.
40-month T&I package for an ultra-deepwater field: ~180 km rigid pipelines, 38 km flexible flowlines, 54 km umbilicals; fabrication at Ambriz yard; water depth up to 2,000 m.
