Northern Offshore sells jackup pair to Dixstone Holdings

Northern Offshore sells jackup pair to Dixstone Holdings

Texas-based offshore driller Northern Offshore has sold a pair of jackup drilling rigs to Perenco affiliate Dixstone Holdings.

The 1982-built Energy Endeavour and Energy Enhancer were both cold stacked in Rotterdam after coming off contracts in the North Sea.

Northern Offshore has also entered into management agreements with Dixstone to provide crews and operational support to reactivate and convert both jackups to platform support units.

Dr Yuanhui Sun, interim chairman and CEO of Northern Offshore, commented: “We are pleased to have sold these two legacy units and to establish a long term partnership with the new owner to operate the Energy Endeavour in the Southern North Sea. This transaction re-establishes our operations in the strategically important North Sea region and represents an important milestone in Northern Offshore’s strategy to dispose of its older floating and jackup assets and focus on the construction and operation of its new fleet of high specification jackups.”

Northern Offshore was part of John Fredriksen’s offshore empire until he sold the company in 2015 to China’s Shandong Offshore International Company for around $165m.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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