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Northern Offshore Announces Contract Extension for Jackup Energy Endeavour
HOUSTON, Nov. 13 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that its subsidiary, Energy Offshore Ltd., was awarded an extension of its ongoing drilling services contract with Maersk Olie og Gas AS for the jackup Energy Endeavour. The extension is for an additional well plus an optional workover well, commencing in direct continuation from the conclusion of the current well. The extension is expected to keep the Energy Endeavour under contract until late January 2010, or mid-February 2010 if the option is exercised. Excluding the option period, the contract has an estimated value of approximately US$6 million.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080415/LATU540LOGO)
Northern Offshore, Ltd. is a Bermuda holding company which operates offshore oil and gas production and drilling vessels deployed around the world. The company's fleet consists of one floating production facility and five drilling units (a drillship, a semisubmersible and three jackup drilling rigs). The Northern Offshore fleet operates in various markets including the North Sea, the Indian Ocean, offshore Russia, the Mediterranean Sea and Southeast Asia. More information on Northern Offshore, Ltd. may be found by visiting the company's website at http://www.northernoffshorelimited.com.
For further information, please contact:
Brian Hefty at
1-713-739-7686,
or via email at brian.hefty@northernoffshoreltd.com
SOURCE Northern Offshore, Ltd.