Energy Searcher to Undergo Repairs

Northern Offshore reported that upon completion of the third well of a five-well drilling program for VietGazprom offshore Vietnam, the drillship Energy Searcher underwent an inspection that identified repairs needed to the ship's hull prior to the rig returning to drilling operations. The company intends to move the rig to Singapore to make the necessary repairs. Although preliminary and subject to
further inspection in the shipyard, the company estimates downtime for the rig of at least six to eight weeks, including transit to and from
the yard. Cost estimates will be prepared once the final scope of work has been defined.


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