OffRig contracts for 2nd newbuild semisubmersible

OffRig has signed a second contract with Yantai Raffles Shipyard for a newbuild semisubmersible drilling rig. The OffRig Innovator is scheduled for delivery in 4Q08.

Sep 25th, 2006

Offshore staff

STAVANGER, Norway -- OffRig has signed a second contract with Yantai Raffles Shipyard for a newbuild semisubmersible drilling rig. The OffRig Innovator is scheduled for delivery in 4Q08.

National Oilwell Varco was awarded the contract for the rig's drilling package earlier this year.

OffRig still has two more rig options at Yantai.

Its first semi,Pioneer holds a letter of intent with BP to work in Skarv-Idun field. The rig is due for delivery in 2Q08 from China to the North SEa.

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