Thule Power Successfully Moved from Sharjah Port to QGM Yard

Thule Drilling

Thule and its cooperation partners in the Middle East are pleased to announce that Thule Power has been successfully moved from the inner anchorage of Sharjah Port to the QGM yard in Hamriyah Free Zone.

The Board and Administration of Thule consider this relocation as a very positive development for both bondholders and shareholders in Thule Drilling, as the move will enable Thule Drilling to commence the final commissioning of the rig.

The jackup Thule Power is being reconstructed and upgraded at the QGM Group LLC yard facility at Hamriyah Freeport, Sharjah, UAE.