MIS names new jack-up rig
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 28 January 2008
The first offshore jack-up drilling rig to be completed in the Middle East has been officially named Seawolf Oritsetimeyin. The rig was named in a ceremony at the yard of the builders, UAE-based oil and gas fabrication specialists Maritime Industrial Services (MIS), in January.
"MIS is very proud of its achievement in building the very first jack-up drilling rig not only in the UAE, but the Middle East as a whole," said Jerry Smith, managing director of MIS. "MIS is pleased to demonstrate its capabilities and resources here in the Middle East to supply them to the rest of the world and not just to the region itself. This demonstrates that the Middle East is not just a source of oil wealth, it is also a source of oil and gas engineering and excellence."
"We are clearly pleased that MIS has justified our confidence by meeting and in fact exceeding its commitments to SeaWolf. MIS's timely delivery, to specifications and cost control, are testament to our confidence - and allows us to meet our commitments to our investors" said Adolor Uwamu, CEO of SeaWolf Oilfield Services Limited, a Nigerian drilling company.
SeaWolf Oritsetimeyin is the first of two jack-up rigs being built by MIS for SeaWolf Oilfield Services, in a contract worth US $254 million. The rig, scheduled for delivery in August, is a Friede and Goldman Super Mod 2 design. SeaWolf Onome, SeaWolf's second jack up rig under MIS's construction, is the same specification and is scheduled for delivery in December.
READERS' COMMENTS
Posted by jagdish c sharma, mumbai, india on Wednesday 11 March 2009 at 12:14 UAE time
it is marvellous to note your achievement
Click here to post a comment
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST ENERGY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST ENERGY
LATEST MIDDLE EAST BUSINESS NEWS
- Politics & Economics: Mideast needs to improve insolvency rules - World Bank
- Travel & Hospitality: ADNH sees net profit up by 28% but hotels suffer
- Politics & Economics: Abu Dhabi economy seen growing 4% in 2010
- Culture & Society: Philippines cancels licences after Dubai jobs scandal
- Transportation: Etihad set to receive new cargo aircraft in 2010
SHARE PRICE CHECK
RELATED STORIES
Maritime Industrial Services Company LTD (MIS)
- Scaling new heights
11 Feb '09 | Features - MIS scores refurbishment work
10 Sep '08 | News - The rig builder of Sharjah
1 Aug '08 | Features




