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Gold/Mining/Energy : Friede Goldman: FGI (formerly FGII)
FGI 9.000+1.1%3:10 PM EST

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To: ramcc54 who wrote (15)2/4/1999 11:22:00 PM
From: ramcc54   of 75
 
Friede Goldman <FGI.N> has deepwater drillship job

JACKSON, Miss., Feb 4 (Reuters) - Friede Goldman International Inc. said Thursday it had a $143.2 million contract to proceed with the latest deepwater drillship design from its Friede & Goldmand Ltd naval architecture subsidiary.

It said the contract, which is contingent on completion of financing, calls delivery of a Millennium SA semisubmersible rig in 23 months to Rudgil SA, a subsidiary of Schahin Engenharia e Comercio Ltd of Brazil.

The Millennium SA (South America) is the latest in deepwater drilling rig designs from Friede & Goldman, a New Orleans-based naval architecture and marine engineering company. Equipped as a dynamically positioned semi, the drillship is capable of drilling in 5,000 feet of water with a variable deck load of 3,500 long tons. Construction will be at Friede Goldman Offshore - East in Pascagoula, Miss.
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