Scorpion Offshore Finalizes Contract for Offshore Courageous

Scorpion Offshore has finalized its contract with Cairn India for the Offshore Courageous to work offshore India beginning in mid-September 2007. The contract has a firm duration of 4 wells (estimated total duration 120 days). The contract value is estimated at US $35 million.

The Offshore Courageous is currently preparing for load out in the US Gulf of Mexico for mobilization to India. The rig is expected to arrive in India in late August.

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