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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Cragganmore who wrote (32336)	12/2/1998 4:15:00 PM
From: Cragganmore	Respond to of 95453

Friede Goldman International Announces Project From Noble Drilling JACKSON, Miss.--(BUSINESS WIRE)--Dec. 2, 1998--Friede Goldman International Inc. (NYSE: FGI - news) announced today that Friede Goldman Offshore - West, formerly HAM Marine, Inc., will complete the final outfitting and commissioning of the rig, the Noble Paul Wolfe. This project is the sixth EVA-4000™ project under contract to FGI from Houston-based Noble Drilling Corp. (NYSE: NE - news). J.L. Holloway, chairman and CEO of Friede Goldman International, said, ''Our commitment to the deepwater market remains strong as evidenced by this and other potential projects. Our proven experience with these kinds of projects and the expertise we have gained will continue to give us the opportunity to be the leader in this market. We are proud of our strong customer relationships.'' EVA-4000™ projects consist of converting a submersible rig into a semi-submersible rig capable of deep water drilling. Friede Goldman International Inc. is a leading provider of offshore drilling services, including design, engineering, new construction, repair, retrofit, and conversion. FGI operates the engineering and design firm Friede & Goldman, Ltd., four shipyards in the U.S. and Canada through its subsidiaries Friede Goldman Offshore and Friede Goldman Newfoundland. The company also designs, manufactures, and markets equipment for the worldwide offshore industry through its subsidiary Brissonneau & Lotz Marine. The Company's outstanding Common Stock is traded on the New York Stock Exchange under the symbol ''FGI.''