SWS – POD - JUE 4-14

4/17/2014 12:00 AM

Friede & Goldman has entered into a license agreement with Shanghai Waigaoqiao Shipbuilding., Ltd., SWS (China) on April 17, 2014 for the basic design of two (2) F&G JU-2000E jack-up drilling rigs to be constructed for Prospector Offshore (POD). POD currently has four (4) jack-ups under construction by SWS.