Offshore staff
HAMILTON, Bermuda – North Atlantic Drilling Ltd. (NADL) has issued an update on the delivery schedule for the newbuild semisubmersible drilling rig West Rigel.
The company has agreed to a second amendment withJurong Shipyard in Singapore that extends the standstill period by a further three months to Sept. 2.
This will allow both sides to continue to seek commercial opportunities for the rig.
If they are unsuccessful, they plan to form a joint asset holding company for the unit, with NADL owning 23% and Jurong 77%.
06/07/2016
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