Scorpion Offshore
Encyclopedia
Scorpion Offshore is an international jackup
drilling rig
operator that through May 2007 to November 2008 will take delivery of five rigs from KEPPEL AmFELS yard in Brownsville
, Texas
, United States
.
with an initial equity
of USD
111 million. Main offices are located in Houston. On September 2, 2005 Scorpion was listed on the Oslo Stock Exchange
OTC, with full listing on December 2. On November 3, 2006 the first vessel, Offshore Courageous, was delivered.
In 2010, drilling rig operators Seadrill
and Ensco made take-over bids to acquire Scorpion Offshore. On 31 May 2010 Ensco abandoned its bid after Seadrill raised its bid to Nkr40.50 ($6.26) per share. Seadrill already owns about 40% of Scorpion Offshore.
Jackup rig
A jack-up rig is a type of mobile platform that is able to stand still on the sea floor, resting on a number of supporting legs. The most popular designs use 3 independent legs, although some jackups have 4 legs or more...
drilling rig
Drilling rig
A drilling rig is a machine which creates holes or shafts in the ground. Drilling rigs can be massive structures housing equipment used to drill water wells, oil wells, or natural gas extraction wells, or they can be small enough to be moved manually by one person...
operator that through May 2007 to November 2008 will take delivery of five rigs from KEPPEL AmFELS yard in Brownsville
Brownsville, Texas
Brownsville is a city in the southernmost tip of the state of Texas, in the United States. It is located on the northern bank of the Rio Grande, directly north and across the border from Matamoros, Tamaulipas, Mexico. Brownsville is the 16th largest city in the state of Texas with a population of...
, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
History
The company was founded on April 22, 2005 and registered on BermudaBermuda
Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, its nearest landmass is Cape Hatteras, North Carolina, about to the west-northwest. It is about south of Halifax, Nova Scotia, Canada, and northeast of Miami, Florida...
with an initial equity
Ownership equity
In accounting and finance, equity is the residual claim or interest of the most junior class of investors in assets, after all liabilities are paid. If liability exceeds assets, negative equity exists...
of USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
111 million. Main offices are located in Houston. On September 2, 2005 Scorpion was listed on the Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
OTC, with full listing on December 2. On November 3, 2006 the first vessel, Offshore Courageous, was delivered.
In 2010, drilling rig operators Seadrill
SeaDrill
Seadrill is a Norwegian-Bermudan offshore drilling company with operations in Angola, Brunei, the Republic of Congo, Indonesia, Malaysia, Nigeria, Norway, Thailand and the United Kingdom. The company operates Semi-submersibles, Jack ups, Tender rigs, Semi-Tenders and Drillships. The company is...
and Ensco made take-over bids to acquire Scorpion Offshore. On 31 May 2010 Ensco abandoned its bid after Seadrill raised its bid to Nkr40.50 ($6.26) per share. Seadrill already owns about 40% of Scorpion Offshore.