With reference to the stock exchange notice dated 8 July 2025, Northern Ocean has announced that the contract for Deepsea Mira with Rhino Resources has been amended to incorporate an additional firm well test. As a result, the firm term of the contract has been extended by a total of 28 days. This additional well test will take place prior to the existing 3 optional wells.
This extension will increase NOL’s firm backlog to approximately USD 394 million.
Source: Northern Ocean
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