Northern Offshore: Delays Energy Endeavor Jack Up Contract With Rosneft

Northern Offshore, Ltd. today issued an update to its July 30, 2014 announcement of a 2 1/2 year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern and partners remain committed to the transaction, Northern will market the Endeavor to other clients following its current contract in the Netherlands, subject to availability in the event the transaction is not finally consummated.