Construction Contracts for Two (2) Le Tourneau Super 116E Jack-up Drilling Rigs

Northern Offshore Ltd. (“NOF”), a company incorporated and having its registered offices in Bermuda, is currently building two (2) LeTourneau Super 116E jack-up drilling rigs at COSCO (Dalian) Shipyard Company Ltd.’s (“Builder”) shipyard in Dalian, China.

NOF wishes to announce that NOF and Builder have mutually agreed to further extend the rig technical acceptance date of its first Rig, Energy Engager (Hull No. N610) to the end of September 2017 and the second Rig, Energy Encounter (Hull No. N611) to the end of March 2018.

NOF and Builder also agreed to delay contract delivery of the Energy Engager and Energy Encounter until a future date determined by mutual agreement.  

These extensions were agreed upon taking into account the current unfavourable international oil and gas market conditions.