The Bermuda-headquartered and Oslo Stock Exchange listed international drilling contractor Northern Ocean Ltd. (NOL) has announced the extension of the contract for the rig Deepsea Bollsta with Equinor for drilling on the Johan Sverdrup oil field.
NOL states that in continuation of the initial 2 years firm term, the contract has now been extended by 5 months in order to complete an 8 well program for the Johan Sverdrup Unit.
The drilling contract still includes five one-year options available for Equinor following the extension.
The Johan Sverdrup oil field is the third largest oil field on the Norwegian continental shelf.
