Deepsea Mira is being demobilized to Walvis Bay after completing its Shell drilling contract, Northern Ocean said.
The semi-submersible rig started the Shell assignment on 4 April 2026 and finished the work on 2 July 2026. Northern Ocean said the rig earned the agreed day rate until the contract ended.
Shell did not take up the option for a second well. Northern Ocean will use the Walvis Bay stay to carry out planned upgrades and modifications on Deepsea Mira before future operations.
The company said the extended Shell campaign produced about $31 million in contract revenue. The amount will be recognized in the second quarter of 2026, while operating costs remained in line with expectations.
Northern Ocean is continuing to market Deepsea Mira and submit bids for relevant opportunities. The company cited current demand for harsh-environment drilling capacity.
Deepsea Mira is managed by Odfjell Drilling. The rig is a sixth-generation enhanced and extended CS 60 E harsh-environment semi-submersible unit. It was built by Hyundai Heavy for operations in water depths of up to 3,000 m.
The rig has previously worked offshore Namibia, including assignments involving TotalEnergies and Rhino Resources.
Northern Ocean plans to publish its 2026 half-year report, including second-quarter results, on 28 August 2026.
