MIS receives jackup contracts

Maritime Industrial Services Co. Ltd. Inc. (MIS) has received rig-building contracts worth $335 million from Mosvold Middle East Jackup (MEJU) for the detail design and construction of two offshore jackups.

Offshore staff

DUBAI, UAE -- Maritime Industrial Services Co. Ltd. Inc. (MIS) has received rig-building contracts worth $335 million from Mosvold Middle East Jackup (MEJU) for the detail design and construction of two offshore jackups.

The two firm rigs, Hull 106 and Hull 108, will be supplied on a turnkey basis and will be built at the MIS shipyard in Sharjah, UAE. The rigs are a Friede and Goldman Super Mod 2 design with 30,000-ft (9,144-m) rated drilling depth, capable of operating in 300 ft (91 m) of water. There are accommodations for 110 people on each rig.

MIS now has a confirmed order backlog of $480 million.

07/25/2008

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