TotalEnergies Extends Contract for DeepSea Mira Rig in West Africa.
TotalEnergies has exercised an option to extend its contract with Northern Ocean for the use of the DeepSea Mira semi-submersible rig, securing the rig’s operations in West Africa for an additional three months.
The extension, which adds approximately 65 to 93 days to the firm term of the contract, is expected to generate an additional revenue backlog of between $27 million and $38 million. This development increases Northern Ocean’s firm contract backlog to an estimated range of $515 million to $545 million.
The DeepSea Mira, built in 2019, is a 6th generation dynamically positioned/anchor-moored semi-submersible drilling rig of Moss Maritime CS60E design. Capable of operating in water depths of up to 3,000 meters, the rig is designed for both benign and harsh environments. It is owned by Northern Ocean and managed by the Norwegian drilling company Odfjell Drilling.
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Arne Jacobsen, Chief Executive Officer of Northern Ocean, expressed satisfaction with the contract extension, emphasizing the strong partnership with TotalEnergies and the rig’s capabilities.
“We are pleased with this extension as it reinforces our positive relationship with TotalEnergies and highlights the DeepSea Mira’s exceptional performance,” Jacobsen stated. “The rig, supported by Odfjell Drilling’s expertise, is among the most capable for year-round operations in challenging weather conditions. Over the last four months, we have successfully increased our contract backlog by about $500 million.”
The extension underscores the DeepSea Mira’s value in supporting TotalEnergies‘ offshore operations in West Africa, reflecting the region’s significance in the company’s global energy portfolio.
