Marine Log

August 30, 2006

OffRig orders second semi at Yantai Raffles

Norwegian-based OffRig Drilling ASA (the former Offshore Rig Services ASA) has signed a contract with Yantai Raffles Shipyard in China for the companyŐs second newbuild semi submersible; the OffRig Innovator.

The yard contract has a fixed price and expected delivery end of 4th quarter 2008. As earlier announced; National Oilwell Varco has been awarded a fixed price and fixed delivery contract for the drilling package.

After this second newbuild contract; OffRig has two additional rig options at Yantai Raffles.

OffRig has already signed a LOI with BP for the Skarv-Idun field development program for itŐs first new build at Yantai Raffles, the OffRig Pioneer, and the company says it has an optimistic view on the possibility of also contracting the OffRig Innovator.