Two More Jackup Rigs Costing $70 Million Ordered From Bethlehem

Two Bethlehem Steel Corporation shipyards have each received contracts from Griffin-Alexander Drilling Company of Houston to build mat-supported, jackup drilling rigs at a total cost of about $70 million.

One unit, the Griffin-Alexander V, will be constructed at Bethlehem's Beaumont, Texas, yard and the other, the Griffin-Alexander IV, will be built at the Sparrows Point, Md., yard. The rigs, capable of drilling 30,000-foot wells in 200-foot water depths, are scheduled for delivery in March and May 1982. E a c h will f e a t u re 1,000,000-pound combination drilling loads and substructures capable of being cantilevered 45 feet aft of the platform.

Sherman C. Perry, general manager at the Beaumont yard, said these contracts bring to five the number of drilling rigs under contract at Bethlehem yards for Griffin & Alexander — three at Beaumont and two at Sparrows Point.

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