Northern Ocean Ltd has announced an extension of the contract with a subsidiary of TotalEnergies SE for continued work in Africa using the Deepsea Mira
The firm term of the contract is extended from October 2024 for one well and provides one additional well option. The extension from October provides firm revenue backlog of approximately US$24.3-34.2mn with the option to extend for an additional well potentially adding a further backlog of approximately US$26.9-36.9mn.
Northern Ocean extends Deepsea Mira contract in Africa
DeepSea Mira contract extended. (Image source: Adobe Stock)
