First Wave/Newpark Shipbuilding Awarded Contracts

First Wave/Newpark Shipbuilding has entered into agreements with Pride International for refurbishments of four offshore rigs including the addition of a twenty-eight man quarters module to one of the rigs. Refurbishments to the Pride South Carolina, Pride Mississippi, Pride Oklahoma and Pride Wisconsin will be performed at First Wave's Pelican Island Facility in Galveston, Texas; all rigs are expected to depart the shipyard by mid-August.