Jurong - Noble JU3000N #3-4

5/3/2011 12:00 AM

Friede & Goldman has entered into a licenseagreement with Jurong Shipyard (Singapore)on May 3, 2011 for the basic design of two(2) F&G JU3000N jack-up drilling rigs forNoble Drilling (USA). Jurong has chosen toexercise two of the previously negotiated fourrig options from their initial contract with F&Ggranted in February 2011.

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.

The JU3000N is an enhanced version of the highlysuccessful F&G JU-2000E design and features greatercapacities and capabilities. This contract award results in four (4)JU3000N jack-ups now under construction at Jurong for Noble. Todate, six (6) JU-2000E jack-ups are in operation, with thirteen (13)more under construction.

For further information, please refer to the Jurong website:

http://www.jspl.com.sg/29-03-11.pdf