Monday 28, July 2008 by Mike Gallagher
MIS awarded $335 million contract to build two new offshore jack-up drilling rigs
UAE-based Maritime Industrial Services, which is 22.5 per cent owned by Abu Dhabi-based Gulf Capital, has won a rig-building contract worth $335 million for the detail design and construction of two offshore jack-up drilling rigs for Mosvold Middle East Jackup (MEJU). Gulf Capital initially bought 21 per cent of the company for around $34 million in late 2006 and then floated it on the Oslo Stock Exchange in May 2007.
