Stock News: Labroy Marine confirms 307 mln usd deal to build two rigs

Labroy Marine Ltd said it will build two additional jack-up rigs worth 307 mln usd for Norway's Standard Drilling ASA, confirming an earlier story by XFN-Asia. The company said the rigs are scheduled to be delivered in 2009. In March, Labroy secured orders from Standard Drilling for two rigs together worth 475 mln sgd. Including the latest contract, the firm said its total order book for 2006 onwards now stands at 1.84 bln sgd. rading in shares of Labroy was suspended earlier today ahead of the announcement and the company said it has requested for the trading halt to be lifted. Before it was suspended, Labroy was up 0.04 sgd or 2.11 pct at 1.94 on volume of 5.57 mln shares.