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Scorpion Offshore signs contract for drilling program Offshore Vietnam


Published Apr 5, 2010
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Scorpion Offshore

Scorpion International Ltd., a wholly-owned affiliate of Scorpion Offshore Ltd., has signed a contract with a local operator for a drilling program offshore Vietnam utilizing the Offshore Resolute.

The firm portion of the program has an estimated duration of sixty-one days. Additionally, the operator has the right to an optional period of one additional well with an estimated duration of 80 days.

The contract begins on 1 April 2010 and has an estimated value of between US$ 7 and US$ 16 million depending on the option well.

Tags: Scorpion Offshore



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