<%@LANGUAGE="JAVASCRIPT" CODEPAGE="1252"%> NEW BUILD RIGS



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           NEW-BUILD RIGS           

NEW-BUILD JACK-UP RIGS FOR SEAWOLF OILFIELD SERVICES LIMITED
   Country...........................................................................  : Norway
   Client...............................................................................  : Seawolf Oilfields Services Limited
   Award Date....................................................................  : March 2006
   Completion Date..............................................................  : October 2008
   Contract Duration............................................................  : 132 weeks
   Work Scope (Services) .................................................  : Engineering, Procurement, Construction,
                                                                                               Pre-commissioning and Commissioning.


Maritime Industrial Services Co. Ltd. Inc. (MIS) has signed a contract with Seawolf Oilfield Services Limited to build two Friede & Goldman Ltd. designed Super M2 Jack Up Drilling Rigs at MIS yard in Sharjah – United Arab Emirates.


The award is the culmination of a series of meetings, presentations and discussions with many different International Companies all interested in filling the vacant slots in the Worldwide Jack Up drilling market.


As the conventional New Build yards of Singapore, China and the US Gulf Coast have filled their order books and reached capacity, the focus has turned on the newcomers as yard space worldwide is now at a premium, and MIS, with their 200,000m2 capacity yard in Sharjah are well placed to join the ranks of the World’s New Build Yards.


The company is now rapidly gearing up to take on this new venture, which will see the delivery of the completed units in June and October of 2008.


The Super M2 design is an enhanced version of the tried and tested L780 Mod 11, of which 35 units were built and are currently operating world wide.


The Rigs will be ABS Classed and will be suitable for operations in all non Harsh Environment areas of the world and have a water depth capability of 300’ and a cantilever outreach of 50’and 15’ on the transverse, and as such the units are perfectly suited to the Middle East, Indian & Egyptian Suez markets.

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