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Tuesday, 02 December, 2008, 04:20 GMT | more >>

Scorpion turns to Lamprell



By Upstream staff 

United Arab Emirates-based Lamprell said today that Scorpion International is the other party to a $168 million newbuild jack-up job, announced last week.

The job covers building a LeTourneau Super 116E jack-up drilling rig.

However, the contract is conditional upon Scorpion finalising a number of financing requirements, which are expected to be completed within the next 30 days.

On top of the award of the first unit, options have been agreed for a further four jack-ups which can be exercised over an 18-month period from December this year.

These contracts will be subject to negotiation, allowing for flexibility to take into account any potential cost variations.


Tuesday, 10 July, 2007, 08:31 GMT  | last updated: Tuesday, 10 July, 2007, 08:31 GMT

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