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.
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..