Grants Licenses To Build Seven F&G Designs

Thursday, August 25, 2005
Friede & Goldman, Ltd. announced that it has completed licensing contracts for the construction of four JU-2000E jackup rigs and for three ExD semi-submersible designs. These seven licensing agreements combined with their contract engineering projects bring F&G’s total contracts value to an all time high and enhances F&G’s reputation as the leader of independent conceptual design of mobile offshore drilling units. The licensing agreements to build four F&G designed JU-2000E jackup drilling rigs include option agreements for four additional JU-2000E’s. In addition, F&G signed contracts to provide their patented “Rack Chock” leg fixation system for each of the newbuild jackups. The JU2000E jackup is a high specification Friede & Goldman designed jackup rig with a 75 foot cantilever reach, rated water depth of 400 feet, and rated drilling depth of 30,000 feet. The F&G JU-2000E is also a harsh environment designed rig capable of operating in the North Sea. Each of the newbuild jackups are scheduled for delivery in 2007 and will bring a total of seven JU-2000E’s in operation around the world. The three licenses issued to build three F&G ExD semisubmersibles combined with the two ExDs’ delivered in 2004 confirm F&G’s place as the leading designer in semisubmersibles rated for water depths up to 10,000 feet. The ExD is a 6th generation ultra-deepwater Friede & Goldman designed semisubmersible drilling rig capable of operating in a challenging deepwater arena, in particular in the Gulf of Mexico, offshore Brazil, and West Africa. The F&G designed semisubmersible can operate in dynamic positioning mode in water depths up to 10,000 feet and is also engineered for stability and versatility with operational displacement of 43,400 metric tons at 17 meters draft and 46,750 metric tons at 20 meters draft. The rig will also have 18,000 square feet of usable deck space and more than 8,000 metric tons of variable deck load. Mr. Paul Geiger Jr., President & CEO, commented, “Friede & Goldman offshore drilling designs have been the industry standard for over 40 years. We are very proud of the experience and expertise we incorporate into each design.”
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

CMA CGM to Retrofit 10 More Bulbous Bows

The CMA CGM Group said it will retrofit 10 of its vessels’ bulbous bows to achieve improved energy efficiency for slow steaming. The modifications are in addition

AVEVA E3D Takes Center Stage

Customer case studies combine with advances in asset visualization and cloud technologies to showcase a new era in the creation and management of complex Digital Assets.

Offshore

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

Experimental Floating Wind Farm Nears Installation

Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation

NAO Announces Financials, Declares Dividend

Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2552 sec (4 req/sec)