MAY 7, 2013 — With the introduction of the TDU-400, a premium class 400 HPHT (high pressure, high temperature) jack-up drilling rig, the TDU-400, Triyards Holdings Limited has become one of only three Singapore based shipbuilders able to design and build its own proprietary drilling jack-ups and self-elevating units (SEUs).

Introduction of the TDU-400 design follows the group's recent launch of its BH 450 series ofproprietary-designed 450 ft (approx 130 m) leg length SEUs.

Triyards CEO Mr. Wong Bheet Huan says the TDU-400 is designed to be "lighter weight" without compromising operating performance and TDU-400 is competitively priced

According to Mr. Wong, the TDU-400 is designed to capitalize on the most advanced drilling systems and equipment available today. It can also be quickly customized to meet the distinct needs of different clients without having to be continuously redesigned, thus avoiding the costs associated with such variation orders.

The TDU-400 is designed to withstand up to 100-knot winds while satisfying wave criteria for global deployment. Able to provide accommodations for up to 220 personnel, the jack-up has leg lengths of more than 535 ft (approximately 163 m) and can operate in water depths of up to 400 ft (approximately 120 m).

"We are optimistic about capturing a bigger share of the growing market for these smaller rigs, which can be efficiently deployed in Asia's shallow to mid-depth waters," says Mr. Wong, adding that "the unit offers premium capabilities and performance at an optimal cost, making it attractive to clients who want high-specification rigs at price levels that meet their budget needs."

Triyards, which was spun off from Ezra Holdings in October last year, has delivered six SEUs since 2007. Its order book totaled US$647 million at February 28, 2013 and includes three SEUs and the Lewek Constellation, an ice-class deepwater multi-lay vessel with heavy-lift capabilities that will be among the world's most advanced subsea construction vessels in its class when delivered.

Triyards owns and operates two fabrication yards in Ho Chi Minh City (Triyards SSY) and Vung Tau (Triyards SOFEL) in Vietnam. These are equipped with heavy-lift gantry cranes and deepwater berths, and both yards have the capability to undertake large-scale projects to fabricate different components of fixed platforms, as well as vessel conversion and construction. In the U.S., Triyards Houston produces equipment, such as cranes, A-frames and winches, that can be installed on the self-elevating units and offshore support and construction vessels fabricated in Vietnam.