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Smedvig Purchases West Alliance

Smedvig is to purchase Keppel Shipyard's 72 per cent ownership in the semi-submersible tender rig West Alliance for approximately USD 61.5 million, according to Scandinavia Now. West Alliance is still under construction and scheduled for drilling operation in early November. West Alliance has been designed for deepwater drilling operations in combination with floating wellhead platforms and its improved to accommodate for increased deckload capacity and off-line drilling activities.