Oil Industry Push Has Maine Contractor Looking Far Afield
Now, as work on the oil exploration rigs nears successful completion, Cianbro Corp. and the City of Portland, whose economy gained a boost from the work, are looking for more maritime-related business opportunities.
Pittsfield-based Cianbro was competitively selected in spring 2002 by Petrodrill Engineering NV, Rotterdam, the project manager, to complete the two dynamically positioned, semisubmersible rigs. The project had been stalled for a year by the bankruptcy of contractor Friede Goldman Halter Inc., Gulfport, Miss. Cianbro declines to reveal project costs but published reports say the two rigs were valued at $340 million when FGH began work in 1999.