With this award, Maritime Industrial Services (MIS) is now positioned with a mid-2008 confirmed order backlog of $480 million, an increase of $110 million on its firm backlog at the same time in 2007, excluding the two Orion rigs subsequently deleted from backlog.
The two firm rigs will be supplied by MIS on a turnkey basis and will be built at its shipyard in Sharjah, United Arab Emirates (UAE).
The two rigs are based on the Friede and Goldman Super Mod-2 design with 30,000-foot rated drilling depth and an operating water depth capability of 300ft and with accommodation for 110 people on each rig.
Roy Mosvold, chairman of Mosvold Middle East Jackup, said: With their reputation as a professional yard and their performance on the first two rigs, our decision to build at MIS was made easier. The Middle East is the fastest growing jack-up market and we look forward to further developing our relationship with MIS as together we address the demand for more new rigs in this market.
