Samsung Heavy Wins First Drill-Ship Order in 2 Years

Samsung Heavy Industries Co., the world’s biggest drill-ship maker, won its first contract for such vessels in two years as oil companies revive exploration plans following the BP Plc spill in April.
The $1.08 billion contract from Seadrill Ltd. covers two vessels and includes options for two more, Seoul-based Samsung Heavy said today in an e-mailed statement. The ships, which will be deployed in the Gulf of Mexico and West Africa, will be delivered by May 2013, it said.
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Source: Bloomberg