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Diamond Offshore (DO) places an order for construction of a semi-submersible rig capable of...

Diamond Offshore (DO) places an order for construction of a semi-submersible rig capable of operations in depths up to 6,000 feet, a project with an estimated cost of $370M. The rig will be built at “significantly lower cost” and in about half the typical time for constructing such rigs, the drilling company says.
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