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Northern Offshore Ltd's Subsidiaries Order Two Jackups for Delivery in 2016


Friday, 4 Oct 2013 12:00am EDT 

Northern Offshore Ltd announced that two of the Company's subsidiaries have executed contracts for the construction of two LeTourneau Super 116E Class jackup drilling rigs, with a priced option for the construction of two additional rigs of the same design. The yard contract price is less than USD180 million, with favorable tail-end-heavy payment terms. Delivery of the rigs is expected during the first and third quarters of 2016, respectively. Construction will be carried out by an experienced and well qualified Chinese shipyard. 

Company Quote

8.8
0.53 +6.41%
24 Oct 2014