Rig player Northern Offshore has negotiated a nine month delay for the delivery of two high specification jackup rigs.
The Houston-based company said it will push back the delivery of the Energy Engager and Energy Encounter from a shipyard in China.
The Energy Engager will now be delivered in December 2016 and the Energy Encounter will be delivered in June 2017.
The delay will allow the company to defer $22 million in owner furnished equipment expenditures for the units from calendar year 2015 to 2016.
“We sincerely appreciate the cooperation of our shipyard to allow us to delay the delivery of these units to enable us to better match contract opportunities in what we believe will be a more robust market at that time,” Northern Offshore president and CEO Gary Casswell.
In January, Africa-focused independent CAMAC Energy terminated its contract with Northern Offshore for the drillship Energy Searcher amid a contract dispute.