Vietsovpetro - Petrovietnam - JUE 5-13

5/31/2013 12:00 AM

Friede & Goldman has entered into a licenseagreement with Vietsovpetro (Vietnam)on May 31, 2013 for the basic design of one(1) F&G JU-2000E jack-up drilling rig to beconstructed by Petrovietnam Shipyard.

Vietsovpetro also signed an agreement forF&G to provide their patented Rack Chock®leg fixation system. This is Vietsovpetro’sfirst contract with F&G.