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Scorpion Arabia Ltd., a subsidiary of Scorpion Offshore Ltd. (the "Company"), signed a contract for the Offshore Freedom for operations in the Arabian Gulf beginning second quarter 2009. The Company has entered into an agreement to charter the Offshore Freedom with Odfjell Drilling Services LLC which has signed a drilling contract with Al-Khafji Joint Operations. The contract duration is 4 years.
The Offshore Freedom is currently being constructed at Lamprell in Sharjah and is scheduled for delivery in April 2009.
Scorpion Offshore Ltd. is a Bermuda based corporation founded in 2005 to own and operate state-of-the-art offshore drilling rigs.
Contacts:
Jon Cole, President and CEO (713) 728-6100 Mark Mey, SVP and CFO (713) 728-6100 www.scorpionoffshore.com
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