Scorpion Snares 6-Year, $1.1B Contract with Petrobras

Scorpion Offshore Ltd. signed its 6-year contract with Petrobras for a newbuild deepwater semisubmersible for operations offshore Brazil. The revenue from this contract will be approximately US $1.1 billion, plus operating cost inflation adjustments throughout the contract term.

To fulfill its obligations under this contract with Petrobras, Scorpion has ordered a DSS-38 from Keppel Fels with delivery in December 2011. This new rig will be a dynamically-positioned, four column semisubmersible capable of drilling wells to 8,500 meters in water depths up to 2,400 meters. The total estimated cost of this rig, including owner furnished equipment, commissioning, project management and financing costs is $700 million.


For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Rockies Area Operations Manager
Expertise: Mud Engineer / Drilling Fluids|Well Servicing & Testing
Location: Denver, CO
Drilling Chokes Operator
Expertise: Field Service Tech|Well Servicing & Testing
Location: Odessa, TX
Callout Offshore Mechanic
Expertise: Mechanic
Location: Broussard, LA
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours