Fossil Energy – West Africa
Offshore drilling rig owner Northern Ocean has secured a contract extension with TotalEnergies for DeepSea Mira semi-submersible rig for continued work in West Africa.
The firm term of the contract is extended from October 2024 for one well and provides one additional well option.
The extension from October provides a firm revenue backlog of approximately $24.3 – $34.2 million with the option to extend for an additional well potentially adding a further backlog of approximately $26.9 – $36.9 million.
