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The Friede & Goldman JU3000N design is the result of the combined development efforts of Jurong Shipyard, Noble and Friede & Goldman in creating an enlarged hull that will offer more operational benefits, including ergonomic and efficient accommodation layout, increased deck space and strategic placement of equipment for enhanced efficiency and safety during operations. On completion, these new rigs will be capable of operating in waters of 400 feet and drilling to depths of 30,000 feet. Mr. Don Lee, Senior General Manager, Jurong Shipyard’s Offshore Division said “We are delighted that Noble has chosen to exercise two of the four rig options at this opportune time as demand for efficient and high-specification premium rigs is expected to continue. We are very honoured that Noble has once again selected Jurong Shipyard as the preferred partner in their fleet expansion strategy to be one of the largest operators of modern, high-specification jackup drilling rigs.” Mr. David W. Williams, Chairman, President and Chief Executive Officer of Noble Corporation said, “With the addition of two more premium high-specification rigs, Noble continues with its strategy of focusing on adding equipment with the latest technology, equipment and capabilities. We look forward to the on-time and on-budget delivery of all four units under construction at Jurong.” The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of Sembcorp Marine for the year ending December 31, 2011. About Noble Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 76 offshore drilling units (including seven ultra-deepwater rigs and four jackup drilling rigs currently under construction), located worldwide, including in the Middle East, India, the U.S. Gulf of Mexico, Mexico, the Mediterranean, the North Sea, Brazil, West Africa and Asian Pacific. Noble also owns and operates a dynamically positioned floating production, storage, offloading vessel. Noble’s shares are traded on the New York Stock Exchange under the symbol "NE". Additional information on Noble Corporation is available via the worldwide web at http://www.noblecorp.com. About Jurong Shipyard Jurong Shipyard, a fully-owned subsidiary of Sembcorp Marine, is a leading shipyard offering integrated services and customized solutions in ship repair, shipbuilding, ship conversion, rig building and offshore engineering to a world-wide clientele. Apart from its proven track record in the building and servicing of jack-up and semi-submersible rigs, Jurong Shipyard is also a global leader in the EPC conversion of tankers to floating production storage and offloading units (FPSOs), floating storage tankers (FSOs) and floating production units (FPUs). Sembcorp Marine |
Sembcorp Marine's Jurong Shipyard To Build Two More Premium Jackup Rigs At US$427.6 Million For Noble Corporation