Abstract: A method for converting a semi-submersible drilling or accommodation rig into a dynamically positioned vessel in which the rig has pontoon bodies submergible below a surface of a body of water for producing displacement, support columns extending upright from the pontoon bodies and oriented for intersecting the surface of the body of water to define a waterline area for the rig, and a work deck supported on the support columns and arranged to be disposed at a position above the surface of the body of water. The conversion method includes prefabricating a rig extension in which the rig extension has a pontoon body extension, a work deck extension and a supplemental support structure connecting the work deck extension to the pontoon body extension. The rig extension is then connected to the semi-submersible rig at locations proximate one of the pontoon bodies and at the work deck. Thruster(s) may be optionally added at the pontoon body extension.