China's Yantai Raffles Shipyard Limited has successfully executed the launch of its first Elevating Support Vessel (ESV) for Remedial Offshore.

The launching ceremony celebrated a major milestone in construction of one of the world's first ESVs.

The ESV design is optimized for well intervention in water depths to 325 feet.

The ESV unit combines capabilities of a jack-up platform, an ocean-going vessel, workover drilling rig, heavy-lift cranes and an offshore accommodations platform in a single package.

The launching ceremony was attended by Mr. Malcolm Farquhar, Remedial owner representative and senior management of Yantai Raffles.

"This marks a historic day for Yantai Raffles and creates an opportunity for us to expand upon our existing relationship with Remedial Offshore. We are extremely pleased with the progress made and the co-operation we have received during this project so far," said Mr. Brian Chang, Yantai Raffles' Deputy Chairman.

The ESV will be delivered to the owner before the end of the year.