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FGH Announces Rig Work

Maritime Activity Reports, Inc.

June 27, 2001

Friede Goldman Offshore, Inc., the rig segment of Friede Goldman Halter, Inc. announced that Noble Drilling (U.S.) Inc. has scheduled the Noble Amos Runner for repair work at FGH's Pascagoula facility. The EVA 4000 semisubmersible was hit by an offshore supply vessel (OSV) during drilling operations in October 2000, and the main structural tubular braces were damaged. The rig is insured and the damage is covered under the policy. "This is the first rig Noble will be bringing in under the previously announced Master Shipyard Agreement," said Ron Schnoor, Group President of the Offshore Division. "We have already fabricated new pieces in anticipation of the rig's arrival on June 27, 2001, and the minor modifications are expected to take 21 days or less." Friede Goldman Offshore converted and delivered the Noble Amos Runner to Noble in August 1999.

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