Deepsea Mira semisubmersible set to drill Volans-1X exploration drill in Namibia

Northern Ocean signed a contract with a subsidiary of Rhino Resources for the Deepsea Mira semisubmersible commencing mid-July 2025 in Namibia. The contract includes one firm well for Rhino, one firm well for another operator and three optional wells, with an estimated firm duration of 112 days and a projected value of approximately $40 million. The contract will increase Northern Ocean’s firm backlog to approximately t$412 million.

The Volans-1X exploration well is the third successive well to be drilled on PEL85 by Rhino and its partners NAMCOR, Korres Investments and Azule Energy.