The order is for 2 rig sets, comprising a complete mechanical handling package, for new build semisubmersibles currently on order to Keppel FELS from ENSCO International, Inc. The order calls for Patriot to deliver a Riser Gantry crane, marine deck cranes, BOP Handling, and tree handling systems, and to provide training, spare parts and commissioning services. Delivery is scheduled for Q2 2007 for the first rig set, and H2 2008 for the second.
Paul Findlay, President and CEO of PMH, stated:
"We are now aligned with the offerings of other companies in our industry. Combined with our streamlined operational structure, this product offering gives us the ability to be a strong competitor."
Philip Wood, Executive Chairman, Global Marine Energy added:
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