ST. JOHN'S, NEWFOUNDLAND -- (Marketwired) -- 04/22/13 -- Scout Exploration Inc. (OTCBB: SCXN) has acquired the rights to an airborne, oil spill response system currently under development at IDS Offshore Inc., of St. John's, Newfoundland.
Growth in offshore drilling between Q1 2011 and Q4 2012 represents an expanding market for the Scout IDS Airborne Spill Response System.
During the 24 months between January 2011 and December 2012 the contracted offshore rig count grew by approximately 100 units, an increase of nearly 20% and now stands at an 85.2% fleet utilization rate.
Scout Exploration remains optimistic that its proprietary air-deployed unmanned spill response system, now in prototype development, represents an increasingly attractive mitigation technology as the offshore sector continues to grow.
"We believe that putting enough of the right equipment into the water and working within a few hours of a spill will make a huge difference in all but the most severe conditions. We certainly have the capability to make this happen, and the speed, range and turn-around time of aircraft far exceeds that of standard response vessels," says Rene Lange, lead engineer. "We look forward to increased cooperation with industry and government to advance this innovative project."
The Scout system drops from standard military, civilian and coast guard aircraft (C-130) and reduces critical time to containment by hours, or by days in cases of more remote spills, compared to current ship-borne methods.
By substantially reducing time to containment, the Scout air-deployed unmanned spill response system help minimize environmental and economic impact from deepwater and costal oil spill events, and as such offers exceptionally large scale benefits critical to effective offshore hydrocarbon operation.
About Scout Exploration
Scout Exploration is a publicly traded company focused on the development of innovative solutions to the challenges of offshore, shoreline and inland spill incidents for the oil and gas exploration, production and transportation sectors. Scout is publicly traded Company with shares listed on the OTCBB under the symbol SCXN.
On behalf of the Board.
Scout Exploration Inc.
1 877 324 7245
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- The 2014 Fastest-Growing 100
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- Boehner Says Impeachment Talk Is Democrat Scam
- You're So Vain: Microsoft to Launch First 'Selfie Phone'
- U.S. Home Price Gains Slow for 6th Month in a Row
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- RV Sales See Highest Increase Post Great Recession
- Report: China to Declare Qualcomm a Monopoly
- Merck Profit More Than Doubles in Q2