Signal International Wins Rig Modification Work

Signal International has been awarded a contract to upgrade the Atwood Oceanics Richmond submersible drilling unit. Upon completion of drilling the current well, the Richmond is anticipated to arrive at the Signal Mississippi Dry Dock yard late September for a life enhancement upgrade.

While dry-docked at Signalís Pascagoula, Mississippi facility, the Richmond will undergo:

--Waste tank replacement
--High pressure mud piping to replace existing piping
--Tank steel replacement as necessary
--Tank coatings renewal
--Tank Gauging system installation
--Tank ventilation improvements
--Mud pit steel replacement as necessary
--Sounding tube repairs
--Superstructure repairs
--Hull coating renewal

"This job typifies Signal's core business said Dick Marler, CEO and President of Signal International. Signal has the wherewithal to readily understand our customer's objectives and to deliver exactly what the customer specifies on time and within budget."

The Atwood Oceanics Richmond was originally built in 1982 and has seen previous upgrades in 1986 and 2000. As a column stabilized submersible drilling unit, the Richmond is towed to drilling location, then ballasted to land its pontoons on the seabed. The maximum water depth limitation for the Richmond is 70 ft.

Signal International, LLC, is one of the largest marine and fabrication companies in the Gulf of Mexico providing repair, upgrade, new construction and fabrication services to the offshore and marine industry. Headquartered in Pascagoula, Mississippi, Signal currently employees over 2,500 workers in its six production facilities, two in Mississippi and four in Texas.

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