Fred. Olsen gets drillship option extension

Fred. Olsen Energy reports it has agreed with Hyundai Heavy Industries Co. Ltd. to extend the time limit on Olsen’s option for construction of a second drillship.

Offshore staff

OSLO, Norway – Fred. Olsen Energy reports it has agreed with Hyundai Heavy Industries Co. Ltd. to extend the time limit on Olsen’s option for construction of a second drillship.

The extension is to Dec. 20, 2011, and if exercised by this time the vessel will be scheduled for delivery 1Q 2014.

10/19/2011

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