Northern Offshore Ltd. was created in July 2000 and reorganized into its current form on June 2, 2005 when a new Board of Directors was elected. The company was listed on the Oslo Stock Exchange in September 2007 and trades under the symbol “NOF”.  In late 2007 and early 2008, a new management team was formed to undertake a growth strategy for the company.  This group of industry professionals set out to:

• Operate more effectively
• Move aggressively to grow shareholder value through quality acquisitions
• Raise the visibility of the company in the industry and financial communities
• Attract the industry’s top talent

The company currently operates five drilling units in South East Asia and Europe and one floating production unit currently based in the southern UK.  With this solid roster of equipment and a thirst for opportunity, NOF’s objectives are to grow the company while continually meeting or exceeding the expectations of our current customers. The following are some of the highlights of the NOF fleet and its plans: 

• The semi-submersible Energy Driller is currently undergoing a water depth upgrade from 600’ to 1000’ in preparation to commence a three year contract  in India starting Q2 2008.
• The drillship Energy Searcher is currently underway to Indonesia after completing a recent drilling campaign in the Philippines. The ship will continue to be marketed worldwide in an environment of high demand.
• The floating production unit Northern Producer is currently undergoing upgrades and life enhancements in preparation for an upcoming 5 year contract in the UK sector of the North Sea.
• The jackup Energy Exerter, which is currently working in Denmark, has recently secured a contract for upcoming work in the Pechora Sea, offshore northern Russia. The rig is scheduled to mobilize in May 2008 for this program of estimated five months duration.
• The jackup Energy Enhancer and Energy Endeavour continue to perform in Denmark for their customer Maersk Oil and Gas. Both rigs are being marketed worldwide for work after completion of their current contracts in Denmark ending Q3 2008 and Q3 2009 respectively.