Brief: Northern Ocean Announce Contract Extension

Northern Ocean

25/05/2023 13:51

May 25 (Reuters) - Northern Ocean Ltd  NOL.OL :
    * DEEPSEA BOLLSTA CONTRACT EXTENSION AND MIRA OPERATIONAL
UPDATE
    * PLEASED TO ANNOUNCE AN EXTENSION OF CONTRACT WITH A
SUBSIDIARY
OF SHELL PLC FOR CONTINUED WORK IN NAMIBIA USING DEEPSEA BOLLSTA
    * FIRM TERM OF CONTRACT IS EXTENDED FROM DECEMBER 2023 FOR
SIX
MONTHS INTO JUNE 2024
    * EXTENSION FROM DECEMBER PROVIDES REVENUE BACKLOG OF
APPROXIMATELY $88.6 MILLION
    * OPTION TO EXTEND FOR AN ADDITIONAL SIX MONTH POTENTIALLY
ADDING
A FURTHER $81.0 MILLION

Source text for Eikon:  ID:nObiP44lga 
Further company coverage:  NOL.OL 

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