December 26, 2007

Samsung wins orders for semisubs, drillships

Korea Overseas Information Service reports that Samsung Heavy Industries Co. has announcd a $1.15 billion order to build two semi-submersible rigs for an undisclosed Russian company. The contract will require Samsung to finish building the units by Sept. 20, 2010.

Separately, Samsung disclosed has won another order to build two drill ships worth 1.19 trillion won from companies in Africa and the Americas.