Hercules Offshore Buys More Shares in Discovery Offshore S.A.
Following the acquisition, Hercules Offshore holds 21,012,834 shares in the Company, corresponding to 32.1% of the share capital. Two members of the Discovery Offshore Board are executives of Hercules Offshore. Discovery Offshore is a Luxembourg-based public limited liability company incorporated in January 2011 for the purpose of owning new ultra high specification jackup drilling rigs.
The Company’s main assets are two Keppel FELS Super A high specification harsh environment jackup rigs currently under construction, with delivery scheduled for the second quarter and fourth quarter of 2013, respectively.
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Posted on August 9, 2012, in AMERICAS, Drilling, Houston, North America, Oil & Gas - offshore, Texas, United States and tagged Discovery Offshore, Drill Rigs, gulf of mexico, Hercules Offshore, Jack-up, Jackup, Jackup rig, Keppel FELS, Rigs, Shallow wter. Bookmark the permalink. Comments Off on Hercules Offshore Buys More Shares in Discovery Offshore S.A..