December 20, 2023 -Hamilton, Bermuda Northern Ocean Ltd ("NOL" or the "Company") is pleased to announce that a subsidiary ofTotalEnergies SE exercised the first option under the Deepsea Mira contract for work inWest Africa . The firm term of this contract has been extended 180 days into the fourth quarter of 2024 and provides between$68 million and$75 million of additional revenue backlog, excluding bonuses, reimbursables, or other undeclared options.
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