Brief: NOL Gets Contract Award For Deepsea Bollsta

Northern Ocean

05/12/2024 15:52

Dec 5 (Reuters) - Northern Ocean Ltd  NOL.OL :
    * NOL: CONTRACT AWARD FOR DEEPSEA BOLLSTA
    * CONTRACT ADDS ABOUT USD 23 TO 42 MILLION OF FIRM BACKLOG,
WILL
INCREASE NOL'S FIRM BACKLOG TO ABOUT USD 488 TO 507 MILLION
    * CONTRACT TO COMMENCE IN Q2 2025 AFTER RIG MOBILISATION
    * PLANS TO REFINANCE CURRENT DEBT DUE IN JUNE 2026
    * DOES NOT PLAN FURTHER EQUITY RAISES FOR DEEPSEA BOLLSTA
MOBILISATION

Source text:  ID:nObigXsP6a 
Further company coverage:  NOL.OL 

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