Northern Offshore Nabs New Jackup Contract Offshore Greece

Energy Exerter
(Click to Enlarge)

Northern Offshore announced that its subsidiary, Northern Offshore U.K. Ltd., was awarded a contract with Aegean Energy S.A., for the jackup Energy Exerter.

The drilling contract of three wells duration is expected to begin early January, 2009 and run approximately 135 days, inclusive of a 15 day mobilization period from the North Sea to offshore Kavala, Greece. The estimated contract value is approximately US $22.6 million, which is comprised of US $18.6 million during the drilling period and US $4.0 million in mobilization and demobilization fees. The Energy Exerter, currently located in the Pechora Sea, is expected to conclude its contract offshore the Russian Federation in late December 2008 and mobilize directly to Greece.

Marion Woolie, Northern Offshore president and CEO, said "We are particularly pleased to receive this contract award from Aegean Energy, a new client, which will open up a new theater of operations for Northern Offshore in the Mediterranean."

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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Artificial Lift - Cable Technician
Expertise: Heavy Machinery Operator
Location: Midland
Technical Consultant - Enclosures
Expertise: Electrical Engineering|Mechanical Engineering
Location: Houston, TX
Construction Operator with CDL
Expertise: Heavy Machinery Operator|Laborer
Location: Sand Springs, OK
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours