has entered into a construction contract with IDM Equipment ... customer to execute a three-year drilling contract upon the rig's delivery, which is expected in June 2008. The cost of the rig ...

The rig is capable of operation in water depths up to 375 feet and has a rated drilling depth of 30,000 feet with accommodation for 120 men. Petrojack AS also has options to build 2 more similar ...

Despite the market downturn, it has built up a fleet of four piling rigs with four crews by persuading general contractors of the benefits of outsourcing piling to a specialist. "As a specialist ...