Keppel Offshore & Marine Limited (Keppel O&M) will deliver a new generation semi-submersible rig to Maersk Contractors two weeks ahead of schedule in mid August 2003. The rig was named LIDER in a ceremony that was attended by more that 1,000 guests at Caspian Shipyard Company (CSC) in Baku, Azerbaijan. Mr Tage Bundgaard, President of Maersk Contractors, said, "We are proud of this new highly advanced rig. We fully expect LIDER to prove its state-of-the-art capabilities during the upcoming contract with Exxon Azerbaijan and other operators in the Caspain region. LIDER will be contracted to Exxon Azerbaijan Operating Company LLC and Chevron Overseas Petroleum Azerbaijan Limited for a three-year drilling program.