OffRig Drilling Signs Second Newbuild Contract with Yantai Raffles
OffRig has signed a contract with Yantai Raffles Shipyard in China for the company's second newbuild semisubmersible, OffRig Innovator. The yard contract has a fixed price and expected delivery end of fourth quarter 2008. As earlier announced, National Oilwell Varco has been awarded a fixed price and fixed delivery contract for the drilling package. After this second new build contract OffRig has two additional rig options at Yantai Raffles.
OffRig has earlier signed a LOI with BP for the Skarv-Idun field development program for it's first new build, OffRig Pioneer, and the company has an optimistic view on the possibility of also contracting the OffRig Innovator.
- OffRig to Build Third Semisub at Yantai Raffles Shipyard (Jan 31)
- Awilco Offshore's Stake in OffRig Reaches 91.2% (Jan 09)
- Awilco Announces Results of Voluntary Offer for OffRig (Nov 30)