UAE-based Maritime Industrial Services Co. Ltd. Inc. (OSE: MIS) has announced the achievement of its second milestone for Hull 110 with the keel laying that took place earlier this week , ahead of the contract schedule date. Hull 110 is the second offshore jack-up drilling rig on order from Bahrain’s First Energy Bank (FEB), an Islamic investment bank licensed by the Central Bank of Bahrain and headquartered in Manama, Kingdom of Bahrain. Hull 110 is scheduled for delivery in December 2010.

Noble Denton Middle East is representing the bank on the project management side and the Noble Denton team is fully set up at MIS’ Sharjah yard to carry out plan approval and construction supervision. Hull 110 and its sister rig Hull 109, also contracted to FEB, are the sixth and seventh rigs under construction by MIS at its Sharjah yard.

“The lessons learned on our earlier new-build rigs have clearly benefited the FEB rigs as both Hulls 109 and 110 are progressing according to schedule,” MIS’ Managing Director, Kevin Hudson said.

Maritime Industrial Services Co. Ltd. Inc. (MIS)
Rana Said, Corporate Communications Director
Tel: +9716 5285345 ext. 723
E-mail: rana@mis.ae