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February 24, 2009

Sharjah yard delivers first F&G Super M2 jack-up

Maritime Industrial Services Co. Ltd. Inc. (OSE: MIS) says that SeaWolf Oilfield Services of Nigeria has accepted delivery of the SeaWolf Oritsetimeyin (Hull 104), the first Friede & Goldman Super M2 design to be delivered and the first offshore jack-up drilling rig to be built in the Middle East.

The rig, which is ABS class certified, is one of two rigs being built for SeaWolf Oilfield Services and the first of seven rigs currently being constructed at Dubai-based MIS's yard in Sharjah, United Arab Emirates.

"This project has had its share of challenges but today's achievement is significant not just for MIS but for the Middle East oil and gas services industry as a whole," commented MIS Group CEO Kevin Hudson. "MIS is helping to position the region as a center for the construction of offshore drilling rigs--indeed a center for oil and gas engineering and construction excellence."


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