December 20, 2023 – Hamilton, Bermuda
Northern Ocean Ltd (“NOL” or the “Company”) is pleased to announce that a subsidiary of TotalEnergies SE exercised the first option under the Deepsea Mira contract for work in West Africa. The firm term of this contract has been extended 180 days into the fourth quarter of 2024 and provides between $68 million and $75 million of additional revenue backlog, excluding bonuses, reimbursables, or other undeclared options.