PetroMENA has entered into EPC contracts with Jurong Shipyard for the construction of three 6th generation semi-submersible drilling rigs. The semi rigs have operating water depth capacity of 7,500 - 10,000 ft. The units will thus meet design criteria for operation in areas such as Gulf of Mexico (GoM), Brazil and West Africa. All rigs will be equipped for harsh environment operations, but will initially not be designed for arctic operations. The rigs are scheduled for delivery in January 2009 (PetroRig I), September 2009 (PetroRig II) and January 2010 (PetroRig III)) respectively.
PetroMENA was listed on Oslo Axess on May 23, 2007 under the trading symbol "PMENA".
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