Scorpion Offshore Signs Contract for Drilling Rig
Monday, September 08, 2008 7:52 AM
(Source: Datamonitor)trackingScorpion Offshore, engaged in building, operating and chartering jack-up offshore drilling rigs, through its local Malaysian affiliate, has signed a contract with Sarawak Shell and the Sabah Shell Petroleum Company for the Offshore Courageous rig for operations offshore Malaysia beginning in January 2009.

The contract is for three years plus a one-year option, and provides for annual operating cost escalations. The firm contract is estimated to generate $174 million in revenue.

The Offshore Courageous is currently offshore Oman performing its contract for RAK Petroleum through October 2008.


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