Odfjell Invest Orders $645m rig from Daewoo

Odfjell Invest has decided to exercise an option to have one drilling rig built by Daewoo Shipbuilding and Marine Engineerng in South Korea for $645 million, Odfjell Invest said on Friday. The semi-submersible rig, the company's second, will be delivered no later than June 30, 2010, Odfjell Invest said in a statement. The company will consider financing $100 million of the cost by issuing new equity, Odfjell Invest said. Source: Reuters