
Hercules Wins Canada Rig Deal
SFL Corporation has secured a new Canada drilling contract for the Hercules semi-submersible. The deal is worth about $170 million and covers a minimum 400-day term from Q1 2027.

SFL Corporation has secured a new Canada drilling contract for the Hercules semi-submersible. The deal is worth about $170 million and covers a minimum 400-day term from Q1 2027.

Wellesley Petroleum has secured consent to drill the 35/10-16 S exploration well in the Norwegian North Sea, with Deepsea Yantai set to handle the work.

Equinor completed its probe into the 23 September 2025 well-control event on Deepsea Bollsta at Troll, detailing a short gas release during casing cutting and follow-up measures.

Odfjell Drilling signed an Equinor contract for Deepsea Aberdeen, starting Q4 2026 through Q1 2029, adding about $373 million in firm backlog (excluding specified add-ons).

Odfjell Drilling has acquired the harsh-environment rig Deepsea Bollsta from Northern Ocean, will rename it Deepsea Bergen in 2026, and has boosted backlog and refinanced with new loans and a bond.

Shell has chartered the semi-submersible rig Deepsea Mira from Northern Ocean for a one-well drilling campaign offshore Namibia starting in April 2026, with an option well and $16 million of firm backlog.

Odfjell Drilling has agreed to acquire the Deepsea Bollsta from Northern Ocean in a $480 million transaction. The rig adds $355 million to the company’s firm backlog and continues its long-term programme with Equinor.

Odfjell Drilling has signed an LOI with an undisclosed client for Deepsea Aberdeen, securing continuous work from late 2026 to Q2 2029. The move strengthens the contractor’s backlog strategy as Equinor options and other fleet discussions continue.

Rhino Resources and Northern Ocean have extended the Deepsea Mira drilling contract offshore Namibia, adding an extra well test and increasing the firm backlog to $394 million.
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