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MIS wins $335m deal to build drilling rigs
Maritime Industrial Services (MIS) has won contracts worth $335 million to build two offshore jack-up drilling rigs for Mosvold Middle East Jackup (MEJU).
- Staff Report
- Published: 23:41 July 25, 2008
Dubai: Maritime Industrial Services (MIS) has won contracts worth $335 million to build two offshore jack-up drilling rigs for Mosvold Middle East Jackup (MEJU).
The UAE company said its confirmed order backlog is now worth $480 million, an increase of $110 million on its firm backlog at this time last year, excluding the two Orion rigs subsequently deleted from backlog.
The two firm rigs, Hull 106 and Hull 108, will be supplied by MIS on a turnkey basis and will be built at the company's shipyard in Sharjah.
"Our strong relationship with MIS continues with this new contract. With their reputation as a professional yard and their performance on the first two rigs, our decision to build at MIS was made easier," Roy Mosvold, chairman of MEJU, said.
"We expect the interest in our new-build programme to continue over the next few years and we are continually looking for opportunities to expand our yard facilities by seeking out ideal locations in the UAE," said Jerry Smith, MIS managing director.
The two rigs will have an operating water depth capability of 300 feet and with accommodation for 110 people on each rig.
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