DSIC-CPOE - JUE 7-13

7/9/2013 12:00 AM

Friede & Goldman has entered into a license agreement with Dalian Shipbuilding Industry Offshore Co., Ltd., DSIC Offshore, (China) on July 9, 2013 for the basic design of one (1) F&G JU-2000E jack-up drilling rigs to be constructed for China Petroleum Ocean Engineering, CPOE (China). CPOE currently has two (2) jack-ups constructed by DSIC and delivered to Far East Asia.

Additional agreements were signed for F&G to provide their patented Rack Chock leg fixation system for the mobile offshore drilling unit.