Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

Bahrain

First Energy Launches Jack-Up Rig For MENAdrill Unit

Bahrain-based First Energy Bank (FEB) has launched its first Freide and Goldman M2 design jack-up rig, a major construction milestone for the company, it said on 28 March. The rig is in its final phase of construction and, along with its sister rig, will shortly be ready for testing and commissioning to begin operations later this year. Delivery is scheduled for 30 September. The...