Gulf Oil and Gas accountACCOUNT

Arabian Drilling Co Awards MIS US$ 5M Rig Refurbishment Contract

Source: www.gulfoilandgas.com 2/18/2009, Location: Middle East

Share |
UAE-based Maritime Industrial Services Co. Ltd. Inc. has received a Letter of Intent from Arabian Drilling Company of Saudi Arabia (ADC) confirming a US$ 5 million contract to cover rig refurbishment work for ADC’s jack-up rig Arabdrill 08. The project is contracted on a fast-track basis with the rig scheduled for arrival at MIS’ Sharjah, UAE yard at the end of April and scheduled for completion by end of June 2009.

The project scope covers a range of shipyard refurbishment work including equipment replacement and upgrade, piping modification, tank conversions, and accommodation refurbishment and extension, as part of the rig’s preparation for its new contract with Khafji Joint Operations, (KJO), a company owned and operated jointly by Aramco Gulf Operations (AGOC) and Kuwait Gulf Oil Company (KGOC).

Arabian Drilling Company has long been a client of MIS dating back to 1996 and the current award is testimony to the strong relationship with this key customer. Rab Nawaz Khan, AD-08 Project Manager commented “We value the support that MIS always extends Arabian Drilling and we are confident that this project, like others before it, will be executed in a timely fashion.”

The project marks MIS’ strategic move to re-focus efforts on all its value streams, specifically rig refurbishment which is one of MIS’ oldest business lines. MIS’ Group CEO Kevin Hudson views the rig refurbishment market as a good source of business in the coming period. “Rig owners will want to take the opportunity of the current market to upgrade their rigs specifically with the large number of rigs in the area that are close to 30 years old,” said Hudson.

Rigs >>

Rigs News in Saudi Arabia >>

Congo >>  8/2/2018 - Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to provide an update on its planned multi-horizon TLP-103 well to be dri...
United Kingdom >>  8/2/2018 - Damen Verolme Rotterdam (DVR), one of Damen Shipyards Group’s most experienced yards in the repair and refit of complex offshore structures, has been ...

Canada >>  7/31/2018 - Transocean Ltd. announced that the harsh environment semisubmersible Henry Goodrich was awarded a one-year contract extension offshore Eastern Canada ...
United States >>  7/26/2018 - Petsec Energy has advised that the operator has contracted the Ensco 68 Jackup drilling rig to drill the Main Pass Block 270 B-2 appraisal/development...

Namibia >>  7/23/2018 - Ocean Rig UDW Inc., an international contractor of offshore deepwater drilling services, announced certain updates with respect to its rig employment ...
United States >>  7/23/2018 - Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offsh...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

Oil & Gas Projects in Saudi Arabia >>

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.