Frontier Discoverer to be reactivated

A contract to reactivate the drillship Frontier Discoverer was awarded by Frontier Drilling (Asia) Pte. Ltd. to Pan-United Marine Ltd.

Offshore staff

SINGAPORE -- A contract to reactivate the drillship Frontier Discoverer was awarded by Frontier Drilling (Asia) Pte. Ltd. to Pan-United Marine Ltd.

Completion is expected in 2Q07. Pan United will fabricate and install a sponson tank, install new accommodations, and refurbish the marine and drilling equipment to ice class requirements.

"The buoyant oil and gas market has created such demand for drillships that were previously laid up," said Henry Ng, PUM's executive chairman. "We reckon that there are at least eight drillships that are being modified/re-activated this year and we are indeed honored to have the opportunity to undertake three of these."

Pan-United also reactivatedFrontier Ice in 2002 and Frontier Duchess in 2004.

9/26/06

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