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Commissioning of Phedco land Rig 1 - 11 Apr 2006
Velosi confirms that it will be commencing commissioning of Phedco land Rig 1 in the Middle East commencing mid April for a period of approximately 21 days, works thereafter include a return to China for the delivery inspection of the second rig in this series. Rigs 3 and 4 are to follow before the 3rd quarter of 2006.
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