Jurong 5

5/29/2006 12:00 AM

Friede & Goldman has entered into a license agreementwith Jurong Shipyard (Singapore) on May 29, 2006for the design of an F&G ExD semi-submersible drillingrig, to be constructed for PetroRig II Pte. Ltd., a whollyowned subsidiary of PetroMENA ASA (Norway).

For further information on PetroMENA ASA, pleaseclick on the following link:

http://www.petromena.no/index.htm
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