Ship Finance International has agreed a bareboat charter for 2007-built jackup rig Soehanah for a period of 12 months.
The charter, with a national oil company in Asia, is worth around $4m and includes an option to extend for an additional 12 months.
The rig has recently been redelivered to Ship Finance International following a full 10-year special survey, and is now being mobilized with drilling operations expected to commence during the second quarter of 2017.