DSIC - Seadrill JUE

11/6/2010 12:00 AM

Friede & Goldman has entered into a licenseagreement with Dalian Shipbuilding IndustryOffshore Co., Ltd., DSIC Offshore, (China)on November 16, 2010 for the basic design of two(2) F&G JU-2000E jack-up drilling rigs, with four (4)options, to be constructed for Seadrill (Norway).

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 five (5)JU-2000E jack-up rigs to date, with a sixth rig currently underconstruction.

For further information, please refer to the DSIC Offshorewebsite:

http://www.dsic-offshore.cn/DetailZ_En.aspx?ID=187&TypeID=2_3

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