Jurong 9

7/22/2008 12:00 AM

Friede & Goldman has entered into a licenseagreement with Jurong Shipyard (Singapore)on July 22, 2008 for the design of an F&G ExDsemi-submersible drilling rig, to be constructedfor Larsen Oil & Gas (Norway), owner ofPetroMENA ASA.

With this contract in place, there are now a total of(4) four F&G ExD semi-submersible drilling unitsunder construction for Larsen Oil & Gas at JurongShipyard, bringing the total of ExD’s constructed or currentlyunder construction at the shipyard to be (10) ten. Two unitsfor Global Santa Fe, Development Driller I & Development Driller IIwere delivered in 2004 & 2005.

For more information on this award and all ExD units underconstruction for Larsen Oil & Gas, please visit the following link: