MIS Lands Arabdrill Jackup Refurbishment Gig

UAE-based Maritime Industrial Services has received a Letter of Intent from Arabian Drilling Company of Saudi Arabia (ADC) confirming a US $ 5 million contract to cover rig refurbishment work for ADC's jackup rig Arabdrill 08. The project is contracted on a fast-track basis with the rig scheduled for arrival at MIS' Sharjah, UAE yard at the end of April and scheduled for completion by end of June 2009.

The project scope covers a range of shipyard refurbishment work including equipment replacement and upgrade, piping modification, tank conversions, and accommodation refurbishment and extension, as part of the rig's preparation for its new contract with Khafji Joint Operations, (KJO), a company owned and operated jointly by Aramco Gulf Operations (AGOC) and Kuwait Gulf Oil Company (KGOC).

Arabian Drilling Company has long been a client of MIS dating back to 1996 and the current award is testimony to the strong relationship with this key customer. Rab Nawaz Khan, AD-08 Project Manager commented, "We value the support that MIS always extends Arabian Drilling and we are confident that this project, like others before it, will be executed in a timely fashion."

The project marks MIS' strategic move to re-focus efforts on all its value streams, specifically rig refurbishment which is one of MIS' oldest business lines.

MIS' Group CEO Kevin Hudson views the rig refurbishment market as a good source of business in the coming period. "Rig owners will want to take the opportunity of the current market to upgrade their rigs specifically with the large number of rigs in the area that are close to 30 years old," said Hudson.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Static Equipment / LNG Tank Engineer
Expertise: Mechanical Engineering
Location: Houston, TX
ARAMCO QM20 Third Party Inspector
Expertise: Electrical Engineering|QA / QC / Inspection|Technical Writing
Location: Bolingbrook, IL
Power Generation Technician
Expertise: Electrical Technician|Electrician|Maintenance Technician
Location: Broussard, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours