NIED LLC commits $3 million to complete LADS rig, says Okamura
Kristen Nelson, PNA editor-in-chief
Less than a week after discontinuing funding of Phoenix Alaska Technology operations Oct. 18, Masakazu Okamura, president of NIED LLC, told PNA Oct. 24 that the company has restructured the LADS rig project and committed more than $3 million to complete construction and commissioning of the rig.
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