DSOC 2

11/13/2008 12:00 AM

Friede & Goldman has entered into a contract withDalian Shipbuilding Offshore Co., Ltd, DSOC,(China) on November 13, 2008 for the licensing of (1) one F&G designed JU-2000E jack-up drilling rig, to be constructed for Sino Tharwa Drilling Co..

DSOC also signed an additional agreement for F&G to provide their patented Rack Chock leg fixation system for the newbuild jack-up drilling unit on November 13, 2008.

This marks the 6th JU-2000E jack-up to be constructed at DSOC. Two units have been delivered to China Oilfield Services Ltd., and two have been delivered to Noble Corporation. A 3rd unit for Noble is still under construction at DSOC.

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