Showing posts with label NADL - North Atlantic Penetrating Ltd. secures contract for West Phoenix. Show all posts
Showing posts with label NADL - North Atlantic Penetrating Ltd. secures contract for West Phoenix. Show all posts

Friday, July 10, 2015

NADL - North Atlantic Penetrating Ltd. secures contract for West Phoenix

NADL - North Atlantic Penetrating Ltd. secures contract for West Phoenix

Friday, Jul 10, 2015

North Atlantic Penetrating ("NADL" or "the Organization") has been honored an agreement expansion for the semi-submersible apparatus West Phoenix by Aggregate E&P UK Restricted, starting mid-Walk 2016 and securing work for the unit through the end of August 2016. The aggregate income potential for the agreement expansion is give or take $62 million.

A part of the $62 million will be paid amid the as of now foreseen unmoving period from the earliest starting point of September 2015 to the center of Walk 2016. The Organization can showcase the apparatus for substitute work amid this period.

As a major aspect of the consent to develop the West Phoenix, the Organization has consented to a dayrate lessening on the present contract powerful from June 1, 2015 until its normal decision toward the end of August 2015, subsequent in a decrease to the remaining income capability of give or take $16 million.

For more data, please visit : http://www.nadlcorp.com

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