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Petrojack

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Norwegian oil rig operator
Petrojack ASA
[REDACTED]
Company typePublic (OSE: JACK)
IndustryOilfield services
Founded2004
HeadquartersOslo, Norway
Key peopleLars Moldestad (CEO)
Berge Gerdt Larsen (Chairman)
ServicesDrilling
RevenueIncrease NOK 810 million (2006)
Operating incomeNOK 772 million (2006)
Net incomeNOK 566 million (2006)
Websitepetrojack.no

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 (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.

Bankruptcy

Petrojack reportedly went bankrupt toward the end of 2010.

References

  1. "Petrojack stiger 130 prosent". 17 November 2009.
  2. "Bankrupt Petrojack - Offshore.no International". Archived from the original on 2015-02-11. Retrieved 2015-02-11.


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