NOL: Contract extension for Deepsea Mira
NOL: Contract extension for Deepsea Mira
12 November 2025 – Hamilton, Bermuda
With reference to the stock exchange notice dated 8 July 2025, Northern Ocean Ltd. (“NOL”) is pleased to announce that the contract for Deepsea Mira with Rhino Resources has been amended to incorporate an additional firm well test. As a result, the firm term of the contract has been extended by a total of 28 days. This additional well test will take place prior to the existing 3 optional wells.
This extension will increase NOL’s firm backlog to approximately USD 394 million.
For inquiries, please contact:
Arne Jacobsen, Chief Executive Officer: +971 55 639 0860
Jonas Ytreland, Chief Financial Officer: +47 994 65 550