Jurong 6

5/20/2006 12:00 AM

Friede & Goldman has entered into a licenseagreement with Jurong Shipyard (Singapore)on May 29, 2006 for the design of an F&G ExDsemi-submersible drilling rig, to be constructed forPetroRig III Pte. Ltd., a wholly owned subsidiary ofPetroMENA ASA (Norway).

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

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