Ed Paden, president of Levingston Shipbuilding Company of Orange, Texas, has announced that a license agreement has been signed between Levingston and Viktor Lenac Shipyard, acting for itself and on behalf of Jadranbrod, the Association of Yugoslav Shipbuilding Industries, which has about 25,000 employees.

The agreement allows the various shipyards of Jadranbrod to build the Levingston Class 111-C jackup drilling platform. In a simultaneous announcement, Viktor Lenac Shipyard revealed that it has already signed a contract for the construction of its first 111-C jackup for Ina-Naftaplin, the Yugoslav national oil company. The rig will be constructed in the Viktor Lenac Shipyard in Rijeka and the Uljanik Shipyard in Pula, and will be delivered at the beginning of 1983.