February 16, 2018 - 9:25 AM EST
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Northern Offshore Announces Sale Of Semisubmersible Energy Driller

HOUSTON, Feb. 16, 2018 /PRNewswire/ -- Northern Offshore announces it has sold its semisubmersible Energy Driller to an unnamed party for conversion to alternative use.  The unit had previously been cold stacked at a shipyard in Bahrain following completion of a term drilling contract in India.  Northern Offshore previously sold the drillship Energy Searcher in late 2016.

Northern Offshore Announces the Sale of Jackups Energy Endeavour and Energy Enhancer and Entry into Two Management Service Contracts (PRNewsfoto/Northern Offshore, Ltd.)

Chairman and (Interim) CEO Dr. Yuanhui Sun said, "The sale of the Energy Driller completes Northern Offshore's strategy to divest of its floating drilling rig assets and allows us to focus our resources on building and operating a fleet of new, high specification jackups."

For further information, please contact: Paul Ravesies at +1 (281) 649-2600, or via email [email protected]

About the Company

Northern Offshore is a global offshore drilling company historically operating in the North Sea, West Africa, South Asia, Near East and Southeast Asia. The company's fleet consists of one floating production facility, one new high specification jackup rig and five (5) high specification jackup rigs under construction.  More information on Northern Offshore may be found by visiting the company's website at http://www.northernoffshore.com


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SOURCE Northern Offshore

Source: PR Newswire (February 16, 2018 - 9:25 AM EST)

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