Where the action is: MIS' Sharjah yard

MIS gets cracking on third jack-up

United Arab Emirates-based fabrication specialists Maritime Industrial Services (MIS) has cut first steel for a third newbuild jack-up drilling rig, worth $152 million.

30 October 2007 9:53 GMT Updated 30 October 2007 9:53 GMT

By Anthea Pitt

MIS holds a 10% stake in KSAM2 Petrodrill Offshore.

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MIS gets cracking on third jack-up