November 2, 2010
ABG Shipyard reports jack-up rig order
India's ABG Shipyard has won a contract to build two Friede & Goldman JU2000A-01 jack-up rigs for Drilling & Offshore Pte. Ltd., a Singapore-registered company formerly known as ABG Offshore Pte. Ltd. Back in August, Drilling & Offshore Pte. raised INR 20 million (about $450,000) in a private placement with ABG Shipyard Ltd.
Be that as it may, a Bombay Stock Exchange announcement from ABG Shipyard says the orders are worth $220 million apiece for a total of $440 million, but does not disclose the delivery date.