PetroJack ASA acquires JackInvest I and rig.(Update) From: Marine Log | Date: June 1, 2006 | COPYRIGHT 2006 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

PETROJACK ASA HAS SIGNED AN agreement with Network Drilling Limited (of which 32 percent is owned by Berge Gerdt Larsen) to acquire JackInvest I Pte Ltd. for $180 million. The purchase price includes all shares of JackInvest I, yard payments for a premium jack-up drilling rig currently under construction at Jurong Shipyard in Singapore, and $5 million for project management.

The rig is similar to three others under construction for PetroJack at Jurong Shipyard, bringing ...

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