FRID extended deadine for second option Apr 12, 2007Yantai 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.
Ocean Rig loses $10M for gear trouble Feb 7, 2007A 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.