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FirstWave/Newpark Awarded Repair Contract

Maritime Activity Reports, Inc.

November 8, 1999

FirstWave/Newpark Shipbuilding was granted a contract by Pride Offshore of Houma, La. for repair and maintenance of the jack-up drilling rig Pride Colorado. The rig, which arrived at the company's East Pelican Island facility in Galveston during mid-October, will be drydocked on a heavylift barge for inspection and repair, if required. Newpark has completed three successful dockings on lift barges in the past.

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