HAMILTON, BERMUDA - 25 September 2009

Petrobras has awarded a subsidiary of Scorpion Offshore Ltd.
("Scorpion" or the "Company") a two year contract extension for the
jackup Offshore Defender for continued operations offshore Brazil.
The extension period will commence in direct continuation of the
rig's current program and will keep the Offshore Defender employed
until February of 2012. The extension period has a contract value of
$94.3 million.

Jon Cole, President and CEO, stated, "Scorpion is proud to receive
this contract extension from Petrobras which allows the Company to
continue to provide safe and reliable operations to our valued
customer. We look forward to continuing our relationship with
Petrobras and are pleased to maintain an active role in the
exploration and production activities offshore Brazil".

Currently, the Company has six jackups working for various operators
around the world. The extension of the Offshore Defender's contract
increases the Company's backlog to $771 million as of 31 August 2009
and brings the percentage of days contracted to 70% and 67% for
calendar years 2010 and 2011 respectively. On average, this
represents contract coverage in excess of two years per rig at
dayrates around $170,000. The Company's seventh jackup, the Offshore
Mischief, is under construction in Sharjah, U.A.E. and is currently
being marketed for sale.

Scorpion Offshore Ltd is a Bermuda based corporation founded in 2005,
which owns and operates six state-of-the-art offshore jackup drilling
rigs built between 2007 and 2009 and has one comparable rig under
construction.

Contacts:

Jon Cole, President and CEO (713) 728-6100
Mark Mey, SVP and CFO (713) 728-6100
www.scorpionoffshore.com


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