Signal Wins Crosco Contract

Friday, February 01, 2008
Signal International, LLC has announced that its Pascagoula Mississippi east shipyard will upgrade The Zagreb I, a semi submersible drilling rig, for Crosco; the offshore drilling contractor headquartered in Croatia. The work is scheduled to commence in mid-February upon completion of a wet tow of the rig to the Gulf of Mexico from the Ivory Coast of Africa.

The work will include replacement of deck cranes, living quarters upgrade, mud system modifications and regulatory authority special survey. It is estimated that the work will take two months to complete. Regarding this project, Dick Marler, Signal’s Chairman, comments: “This work affords Signal International another opportunity to build upon its track record of excellence in the business of offshore rig upgrades. Our well-positioned yards in the Gulf of Mexico continue to reach international customers as well as serving U.S. drillers and E&Ps. This will be our first time to work directly with Crosco and we expect to win them over as another satisfied client.” Upon completion of the shipyard work, the rig is contracted to mobilize to the Mexican Gulf of Mexico, where it will drill for Pemex. Signal International, LLC, is one of the largest marine and fabrication companies in the Gulf of Mexico providing repair, upgrade, new construction and fabrication services to the offshore and marine industry. Headquartered in Mobile, Alabama, Signal currently employs over 3,000 workers in its six production facilities, two in Mississippi and four in Texas.

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