Northern Ocean Ltd. (“NOL”) announced that its high specification semisubmersible drilling rig, Deepsea Bollsta, has safely completed the transit to Namibia and commenced its contract with Shell Upstream Namibia BV, a subsidiary of Shell Plc. (“Shell”). The contract has a firm duration of twelve months and an option to extend for six months.

Odfjell Drilling AS (“Odfjell”) successfully prepared the rig for the contract and provides operations management during the term of this contract.