Petrojack
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Petrojack
Petrojack was a Norwegian offshore drilling rig operator. The company had two jackup rigs under order from Jurong Shipyard in Singapore, while it sold its two former rigs ''Petrojack I'' and ''Petrojack III'' to Maersk Drilling. The company was founded in 2004 and was listed on the Oslo Stock Exchange the next year. The largest shareholders were Petrolia Drilling (40%), Awilco Offshore (18%) and Sinvest Sinvest () is a Norwegian oil drilling investment company, with headquarters in Kristiansand. The company is a long-term financial and strategic investor in oil resources and offshore companies and has been listed on the Oslo Stock Exchange si ... (18%). Stock Value In week 47 2009, Petrojack's stock value went up from 0,90 NOK per share to a maximum of 7,12 NOK per share. On the first day of this extreme rise, at 09:49, the stock was suspended because the share price rose 64% without any statement from the company itself. The stock was reopened 11 minutes later at 10:00 ...
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Awilco Offshore
Awilco Offshore was a Norway, Norwegian drilling rig owner. In 2008 the company operated five jackup rigs and two semi-submersible accommodation rigs, with several others on order. Awilco was founded in 2005, headquartered in Oslo and was listed on the Oslo Stock Exchange. Operation of its rigs was done by the company Premium Drilling, owned by Awilco and Sinvest. The company was acquired by China Oilfield Services in 2008 and merged into its existing operations. History The company was founded in February 2005 when it took over the offshore rig assets of Anders Wilhelmsen Group and at the same time acquiring Norwegian krone, NOK 1 billion in new Capital (economics), capital. In August 2005 Awilco bought 20.7% of Petrojack and at the same time performed a new capital expansion. In December 2005 Awilco merger, merged with Offshore Rig Services, taking over the company while issuing new shares to the Offshore Rig Services owners. Takeover The company accepted a United Stat ...
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