Yantai Raffles Shipyard has agrees to extend the April 5, 2007 deadline for executing the contract to build a second rig similar to the 'SS Frigstad Oslo', which is currently under construction at Rantai Raffles. Within this agreement, Frigstad may now declare the option anytime before June 5, 2007. 
A Norwegian semi-submersible drill rig plying frigid waters in search of oil and gas says a few days stoppage due to a malfunctioning riser have cost the drilling contractor $10 million in day-rate losses. |
||||||||
|
