Petrojack

{{Infobox company

| name = Petrojack ASA

| logo = Petrojack logo.jpg

| type = Public ({{ose|JACK}})

| foundation = 2004

| founder =

| location = Oslo, Norway

| key_people = Lars Moldestad (CEO)
Berge Gerdt Larsen (Chairman)

| area_served =

| industry = Oilfield services

| products =

| services = Drilling

| revenue = {{profit}} NOK 810 million (2006)

| operating_income = NOK 772 million (2006)

| net_income = NOK 566 million (2006)

| num_employees =

| parent =

| subsid =

| homepage = [http://www.petrojack.no petrojack.no]

| footnotes =

}}

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.{{Cite web|url=http://e24.no/boers-og-finans/article3377090.ece|title=Petrojack stiger 130 prosent|date=17 November 2009 }} The stock was reopened 11 minutes later at 10:00.

Bankruptcy

Petrojack reportedly went bankrupt toward the end of 2010.{{cite web |url=http://www.offshore.no/international/news/article.aspx?Id=16255 |title=Bankrupt Petrojack - Offshore.no International |access-date=2015-02-11 |url-status=dead |archive-url=https://web.archive.org/web/20150211202621/http://www.offshore.no/international/news/article.aspx?Id=16255 |archive-date=2015-02-11 }}

References

Category:Drilling rig operators

Category:Service companies of Norway

Category:Companies based in Oslo

Category:Norwegian companies established in 2004

Category:Petroleum industry in Norway