Brief: Noram Drilling To Keep Two Remaining Idle Rigs Warm-Stacked

Noram Drilling AS

10/10/2023 15:39

Oct 10 (Reuters) - Noram Drilling AS  NORAM.OL :
    * CURRENTLY 8 OF 11 RIGS ARE CONTRACTED AND WORKING.
    * ONE OF IDLE RIGS WILL MOBILIZE FOR A NEW CONTRACT WITH A
NEW
OPERATOR IN MID-OCTOBER.
    * WE EXPECT ACTIVITY TO PICK UP LATER IN 2023 AND PLAN TO
KEEP TWO
REMAINING IDLE RIGS WARM-STACKED FOR NOW.
    * DURING TIME BETWEEN CONTRACTS, COMPANY EXPECTS RIGS' OPEX
TO BE
APPROXIMATELY 30% LOWER THAN IN A CONTRACTED MODE.

Source text for Eikon:  ID:nObilylqta 
Further company coverage:  NORAM.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))