Northern Ocean Ltd has announced that a subsidiary of TotalEnergies SE has extended the deep offshore drilling contract of Deepsea Mira semi-submersible rig in West Africa exercising the previously announced option. The firm term of this contract has, as a result, been extended by approximately 65 to 93 days. This extension provides approximately USD 27 to 38 million of additional revenue backlog and will increase NOL’s firm backlog to approximately USD 515 to 545 million.
“NOL is pleased with this extension because it extends our good relationship with TotalEnergies and also demonstrates the capabilities of the rig. The Deepsea Mira, with Odfjell Drilling’s services, is one of the most capable rigs for year-round operations in harsh weather conditions. In the last four months, the Company has increased its contract backlog by about USD 500 million,” Arne Jacobsen, Chief Executive Officer of NOL, commented.
The Deepsea Mira, a marvel of modern engineering, boasts a formidable profile. Built by the renowned Hyundai Heavy Industries, this 6th-generation rig, designed for depths exceeding 10,000 feet, has consistently proven its mettle in the most challenging offshore environments. Its dynamic positioning and anchor-mooring systems, coupled with its robust construction, ensure optimal performance even in harsh conditions.
