World power large TotalEnergies has exercised a contract extension choice with Northern Ocean, extending the deployment of the Deepsea Mira semi-submersible rig in West Africa for as much as three months.
Upstream stories that the extension provides 65 to 93 days to the agency time period of the contract, translating to a further income backlog of roughly $27 million to $38 million.
This improve raises Northern Ocean’s agency backlog to a formidable $515 million to $545 million.
The Deepsea Mira, built-in 2018 by South Korea’s Hyundai Heavy Industries, is a semi-submersible rig designed to function in water depths of as much as 10,000 ft. It’s a Sixth-generation, dynamically positioned, anchor-moored semi-submersible rig of Moss Maritime CS60E design. Engineered for each benign and harsh environments, the rig can function at depths of as much as 3,000 meters, making it a flexible asset for deepwater exploration.
Owned by Northern Ocean and operated by the Norwegian agency Odfjell Drilling, the rig has confirmed its capabilities in difficult situations.
“The Deepsea Mira, with Odfjell Drilling’s companies, is among the most succesful rigs for year-round operations in harsh climate situations,” famous Arne Jacobsen, Chief Government Officer of Northern Ocean.
Northern Ocean expresses optimism
The contract extension, trade watchers say, demonstrates the distinctive technological capabilities of the Deepsea Mira, reaffirming its standing as a cutting-edge asset in offshore drilling operations. Past its technical deserves, the extension serves as a testomony to the strong and evolving partnership between Northern Ocean and TotalEnergies, two trade leaders dedicated to advancing power exploration in difficult environments.
Arne Jacobsen, Chief Government Officer of Northern Ocean, expressed enthusiasm in regards to the growth, emphasizing its broader implications. “Northern Ocean is happy with this extension, because it not solely solidifies our good relationship with TotalEnergies but additionally demonstrates the reliability and superior capabilities of the Deepsea Mira,” he acknowledged.
Jacobsen additional famous that the collaboration goes past contractual obligations, representing a shared imaginative and prescient for innovation and operational excellence within the power sector. “This partnership demonstrates how state-of-the-art know-how, coupled with efficient administration, can ship distinctive outcomes even within the harshest situations,” he added.
The contract extension additionally displays TotalEnergies’ confidence in Northern Ocean’s potential to ship high-performance options, bolstered by Odfjell Drilling’s confirmed experience in managing complicated offshore operations.
A Rising Backlog Amid Business Demand
Over the previous 4 months, Northern Ocean has considerably bolstered its contract backlog, including roughly $500 million in new agreements.
The newest extension highlights the rising demand for superior offshore drilling options as power firms broaden exploration efforts in key areas.
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