HOUSTON, Sept. 19 /PRNewswire-FirstCall/ -- Northern Offshore, Ltd.
(Oslo Bors: NOF.OL) today announced that the jackup Energy Enhancer was
awarded a contract with SPD Limited to drill a well in the U.K. North Sea. The
contract award is for an estimated 45-60 days with a contract value of
approximately US$9-12 million.
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The drilling contract, which will follow in direct continuation to the
rig's current contract with Star Energy, is expected to commence in
mid-October 2008.
Northern Offshore took delivery of the rig from Maersk Contractors on
September 14, 2008. Subsequent to the purchase of the rig by Northern Offshore
in June 2007, Maersk Contractors had been operating it in the Danish sector of
the North Sea under a management contract with Northern Offshore. The rig
began its first contract under the direct management of Northern Offshore with
Star Energy on September 14, 2008.
Fred Brooks, Northern Offshore Sr. Vice President of Operations, said,
'The transition of operations from Maersk to Northern Offshore was seamless
due to the terrific efforts of our Aberdeen Operations team and an outstanding
offshore crew.'
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 recently updated fleet consists of one floating
production facility, and five drilling units (a drillship, a semisubmersible
and three jackup drilling rigs). Additionally, the Company recently announced
an agreement to acquire two North Sea-based semisubmersible drilling rigs. The
Northern Offshore fleet operates in various markets including the North Sea,
the Indian Ocean, offshore Russia and Southeast Asia.
For further information, please contact: Michael Dawson
713-739-7686
SOURCE Northern Offshore, Ltd.