DSIC

8/15/2005 12:00 AM

Friede & Goldman has entered into a contract withDalian Shipbuilding Industry Corporation, DSIC,(China) on August 15, 2005 for the licensing of 4F&G designed JU-2000E jack-up drilling rigs.

DSIC also signed 4 agreements for F&G to providetheir patented Rack Chock leg fixation system foreach of the newbuild jack-up drilling units.

One JU-2000E is currently under construction forChina Oilfield Services Ltd., COSL, and the additionalthree are being built for Noble Corporation.

Please click the links below to be directed to the COSL website andRigzone for more information.

http://www.cosl.com.cn/pressroom/release_content.jsp?NewsID=42&releaseID=51http://www.rigzone.com/news/article.asp?a_id=33499
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