Petronas Finalizes Deal to Use Alligator Tender Rig Offshore Malaysia

The Malaysian based oil company, Petronas Carigali, has signed a contract for GGS's Alligator Tender Rig for operations offshore Malaysia. The duration of a contract is for four years with a following one year option. The total contract value is around US $200 million with an average daily rate of US $135,000.

Currently, Alligator is operating on a contract with Chevron offshore Angola until end of 2008, and will thereafter, upon a recertification at yard, be transferred to Malaysia to work for Petronas Carigali.

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