CIMC-JUE 2-14

2/11/2014 12:00 AM

Friede & Goldman has entered into a license agreement with CIMC-Raffles, Ltd., (China) on February  11, 2014 for the basic design of three (3) F&G JU-2000E jack-up drilling rig. CIMC currently has three (3) JU-2000E jack-ups under construction.

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