Yantai to build another semi for Awilco

Awilco Offshore ASA has contracted Yantai Raffles Shipyard Ltd. to build a semisubmersible.

Offshore staff

SINGAPORE -- Awilco Offshore ASA has contracted Yantai Raffles Shipyard Ltd. to build a semisubmersible.

Yantai and Awilco have signed an option agreement for the rig, which is to be delivered in 33 months.

The yard is building three semisubmersible drilling rigs for Awilco at the Yantai, Shandong Province, China, facility. Awilco has an existing option, expiring in Nov. 2008, for the construction of another semisubmersible drilling rig.

9/13/2007

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