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Vyborg Shipyard Delivers Drilling Rig to Moss Maritime

17 May 2002

Vyborg Shipyard in Leningrad region has delivered a $35 million semi-submersible drilling rig to Norway`s Moss Maritime AS, company head Sergei Zavyalov said during the ceremony marking the delivery of the rig.  Work on the rig began in January 2001. It will be used for oil exploration and production in the Arctic region.

Vneshtorgbank was the shipyard`s financial partner in the deal. The bank opened a credit line worth $22.7 million last year and provided an additional $4.7 million in March.

The rig was designed by Moss Maritime and has two pontoons and six stabilizing columns supporting the upper structure.  The rig is 118.6 meters long, 70.4 meters wide, 40.6 meters high and weighs 15,000 tonnes. It has an upper deck that can support up to 20,000 tonnes of structures and depending on modifications can be used at sea depths ranging from 80 - 2,500 meters

Vyborg Shipyard is one of Russia`s leading producers of offshore drilling rigs. It has built more than 20 semi- submersible and jack up rigs since 1978, and upper structures for stationary platforms.

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