Once approved by the Petrobras board, Scorpion will moblise its Offshore Resolute jack-up, currently under construction at Keppel AmFels' yard in Brownsville, Texas.

The two-year contract would be worth $144 million, including $9 million in mobilisation and demobilisation fees, according to the statement.

Scorpion said the rig should start work in the second quarter of 2008, and may be extended for more time.

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