TotalEnergies SE has renewed its contract with Northern Ocean Ltd. for the continued deployment of the Deepsea Mira rig in West Africa.
The contract’s firm term has been extended until October 2024, covering one well, with an option for an additional well.
TotalEnergies SE began a multi-well drilling program offshore Namibia, following the Venus light oil discovery in Block 2913B (PEL 56) and subsequent exploration of the Venus accumulation into Block 2912 (PEL 91).
The contract extension secures a firm revenue backlog of approximately $24.3–34.2 million. If the option for the additional well is exercised, the backlog could increase by another $26.9–36.9 million.
