A photo record of the assembly of Schahin Oil & Gas' SS Pantanal semi-submersible drilling vessel that took place in September 2009 in Yantai, China at Yantai Raffles Shipyard. World Record Holding crane TAISUN was used to install the 12,000 ton topsides on the hull.

1. assembly of Schahin “SS Pantanal” by 20,000 ton crane TAISUN

2. transfer of 1600 ton drill floor onto launching barge ‘Defu 1’

4. transfer of 12,000 ton deck box onto launching barge ‘Defu 2’

6. installation of the drill floor

9. start of lifting operation

11. removal of launching barge

14. entry of the hull

15. positioning and touch down

18. The SS Pantanal is a Friede & Goldman Millennium SA class semi-submersible drilling vessel, designed for 2000 meters water depth and 7500 meters drilling depth. It is a dynamically positioned (DPS-2) vessel equipped with eight thrusters of 2.5 MW each and 30.8 MW total installed power. SS Pantanal is owned by Schahin Oil & Gas from Brazil. SS PANTANAL

19. Yantai Raffles Shipyard Limited is the largest rig builder in China, with significant expertise and experience in the construction of various marine and offshore projects which include jack-up drilling rigs, semi-submersible drilling rigs, floating production storage and offloading vessels, heavy lift vessels, pipe lay vessels and other prototype vessels. Both innovative and scalable, Yantai Raffles is supported by a highly- skilled engineering force, cutting-edge facilities and superior technology. For more information, please visit www.yantai-raffles.com YANTAI RAFFLES SHIPYARD

20. TAISUN is a division of Yantai Raffles Shipyard Limited and has its own engineering, operations, safety and quality control staff. Its 20,000 ton (22,046 short ton) capacity is the largest in the world. For more information, please visit www.20000ton.com TAISUN