Northern Offshore Delays Delivery of 2 Jackups Now Being Built in China

Northern Offshore, Ltd. negotiated a nine month delay in the deliveries of two high specification jackups, Energy Engager (350' ILC) and Energy Encounter (350' ILC) from a shipyard in China, with delivery now scheduled for December 2016 and June 2017, respectively, the Bermuda holding company said Tuesday.

“We sincerely appreciate the cooperation of our shipyard to allow us to delay the delivery of these units to enable us to better match contract opportunities in what we believe will be a more robust market at that time. This will allow us to defer approximately $22 million in owner furnished equipment expenditures for these units from calendar year 2015 to 2016,” President and CEO Gary Casswell commented.

Northern Offshore placed orders for the two LeTourneau Super 116E class jackups in October 2013, with the rigs being built at COSCO Dalian shipyard in China, according to Rigzone's RigLogix.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)
 -  Irish Gas Grid Could Receive LNG from ... (Jul 19)
 -  What's It Take to Land a Job as a Petr... (Jul 14)


Most Popular Articles

From the Career Center
Jobs that may interest you
Store keeper / Warehouse - Zanesville Ohio - 6200
Expertise: Storeman|Supply Chain Management|Warehouse Person
Location: Zanesville, OH
 
Roustabout Thereafter Job
Expertise: Roustabout
Location: Silverthorne, CO
 
Tool Tech
Expertise: Maintenance Technician|Mechanic|Rig Mechanic
Location: New Iberia, LA
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours