DSIC - Prospector JUE

12/15/2010 12:00 AM

Friede & Goldman has entered into a licenseagreement with Dalian Shipbuilding IndustryOffshore Co., Ltd., DSIC Offshore, (China)on December 15, 2010 for the basic design of two(2) F&G JU-2000E jack-up drilling rigs, withoptions for three (3) additional units, to beconstructed for Prospector Offshore Drilling S.A.(Luxembourg).

Additional agreements were signed for F&G toprovide their patented Rack Chock® leg fixationsystem and a 54-pinion hull elevatingjacking system for each of the mobile offshoredrilling units.

DSIC Offshore has successfully delivered six (6)JU-2000E jack-up rigs to date, with two (2) more currently underconstruction for Seadrill (Norway).

For further information, please refer to the Prospector Offshorewebsite:

http://prospectoroffshoredrilling.com/_uploads/PR-002%20Rev%200.pdf

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