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    GlobalSantaFe takes delivery of Constellation 1

    News // July 4, 2003
    GlobalSantaFe Corporation has announced that it has taken delivery of its new, high- performance jackup rig, Constellation I.

    Equipped with a dual activity pipe handling system and state-of-the-art drilling capabilities, the rig is designed to reduce critical path time to drill wells.

    Constructed in the PPL Shipyard in Singapore, the Constellation I is capable of drilling to 30,000ft in water depths of up to 400ft. A 75ft reach cantilever with a combined drilling load capacity of 2.6 million pounds, enables the rig to operate over a large drilling pattern.

    The Constellation II, an identical rig, is scheduled to be delivered in the first quarter of 2004.Constellation I is contracted for a three-well programme offshore Myanmar that is expected to commence in late July.

    The contract, estimated to take four months to complete, is valued at approximately $8.8 million.

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