RIG SALE

Rigco North America, LLC has sold the semisubmersible drilling rig, FPS Laffit Pincay. The rig was sold to Odin Millennium Partnership, Ltd., an investment group assembled by Mullen-Oliver Rig Investments Group, Inc. The rig will be renamed the Odin Millennium. This rig is a H.W. Reineke/Penrod designed semisubmersible built by Marathon LeTourneau in Brownsville, Texas in 1976. The rig is currently stacked at the Friede Goldman Halter shipyard in Pascagoula, Mississippi after having just completed a special survey by ABS. The sale was conducted by Normarine Offshore Consultants.
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