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March 19, 2004

Signal International to upgrade jack-up

According to the ever-informative Biloxi Sun Herald, Signal International LLC has landed a contract from Global SantaFe that will nearly double its Mississippi work force.

Signal is the phoenix that came out of the ashes of the bankrupt Friede Goldman Offshore and has operations in Texas and Mississippi. Its president and CEO is Dick Marler, who was FGO's chief operating officer.

The contract with Global calls for upgrading and modifying the GSF Adriatic II jackup drilling unit. The agreement specifies that the work will be done by July 1, prior to the unit's deployment in West Africa.

The Sun Herald quotes Marler as saying the work will be done at Signal's now dormant West Yard in Pascagoula. The expected number of new workers ranges from 200 to 250, reports the Sun Herald. The current work force is 300 and hiring of new workers will start next month.

Engineering, procurement and prefabrication work will begin immediately in preparation for the rig's arrival April 15, says the newspaper.

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