Hamilton, Bermuda, December 21, 2017 - North Atlantic Drilling Ltd has been awarded a six firm well contract with VNG Norge for the semi-submersible West Phoenix for work on the Fenja development in the Norwegian Sea.  In addition, the contract provides for three optional wells prior to the fixed term period and three optional wells after the fixed term period. The firm period is expected to commence in early 2020.  The backlog for the firm period of the contract is estimated to be approximately US$ 80 million.

The award is subject to government approval of the development plan which is expected in the first half of 2018.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: North Atlantic Drilling Ltd. via Globenewswire

North Atlantic Drilling Ltd. (NYSE:NADL)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more North Atlantic Drilling Ltd. Charts.
North Atlantic Drilling Ltd. (NYSE:NADL)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more North Atlantic Drilling Ltd. Charts.