Davie Will Build Two Drill Rigs At Total Cost Of $70 Million

Davie Shipbuilding Limited of Lauzon, Quebec, and Global Marine Drilling Company of Houston have signed a letter of intent for the construction of two offshore, jackup drilling platforms valued at $35 million each for delivery in late 1981 and mid-82.

These rigs are the eighth and ninth obtained by Davie since June 1978, when it signed a contract with Global for its first unit. Seven rigs have been contracted for with Global, one with Salen Offshore, and one with Petrobras of Brazil.

Two rigs were delivered to Global in 1979 and are at work in the Gulf of Mexico. Three rigs will be delivered this year, including one for Salen and two for Global. Three rigs will also be delivered in 1981, two to Global and one to Petrobras, while the ninth rig will be completed in 1982 for Global. All of these rigs are of Marathon LeTourneau design.

All of these contracts were made possible through the support of the Canadian Government's Shipbuilding Assistance Program, Export-Development Corporation financing, and the Export Assistance Program of the Societe de Developpement Industriel du Quebec.

With this latest contract, Davie now has a total orderbook of approximately $240 million, including a 11,000-dwt tanker for its own fleet, a 400-foot by 100-foot arctic barge for Cominco, and miscellaneous orders for a wide range of steel products.

Maritime Reporter Magazine, page 24, Jun 15, 1980

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.