Signal to repair damaged oil rigs

Published 11:00 pm Saturday, October 18, 2008

Signal International has been awarded a $10 million contract to repair two offshore oil rigs damaged last month by Hurricane Ike.

Signal says it will add 200 workers at least temporarily to help complete the repairs, which are expected to take about a month.

The company now has about 2,500 employees at its two Pascagoula shipyards.

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The first rig arrived at Signal’s east yard in Pascagoula on Thursday.

The rigs are owned by Hercules Offshore Inc. of Houston, Texas.

Hercules operates 24 jack-up rigs and three submersible rigs in the Gulf of Mexico.