Samsung to build two semisubmersible rigs

Eric Watkins
Senior Correspondent

LOS ANGELES, Aug 9 -- Norway's Eastern Drilling ASA has let a contract to Samsung Heavy Industries (SHI), Seoul, to build two $465 million semisubmersible drilling rigs. SHI will complete construction of the rigs by October 2007.

The rigs will weigh 30,000 tons each and will have a depth rating of 12 km, SHI said. They will be used in deep North Sea waters.

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