Scorpion Offshore Ltd., through it’s local Malaysian affiliate, signed a contract with Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited for the Offshore Courageous for operations offshore Malaysia beginning in January 2009.
The contract is for 3 years plus one 1 year option and provides for annual operating cost escalations. The firm contract is estimated to generate US$ 174 million in revenue.
The Offshore Courageous is currently offshore Oman performing its contract for RAK Petroleum through October 2008.
Scorpion Offshore Ltd. is a Bermuda based corporation founded in 2005 to own and operate state-of-the-art offshore drilling rigs.
Tags:
Offshore Courageous,
Scorpion Offshore,
Shell
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