Sale of Semi-submersible ENERGY DRILLER

February 16, 2018
Press Release / Houston, Texas

Northern Offshore announces it has sold its semi-submersible Energy Driller to an unnamed party for conversion to alternative use.  The unit had previously been cold stacked at a shipyard in Bahrain following completion of a term drilling contract in India.  Northern Offshore previously sold the drillship Energy Searcher in late 2016. 

Chairman and (Interim) CEO Dr. Yuanhui Sun said, “The sale of the Energy Driller completes Northern Offshore’s strategy to divest of its floating drilling rig assets and allows us to focus our resources on building and operating a fleet of new, high specification jackups.”