Bermuda, July 8 -- Northern Ocean Ltd. ("NOL") is pleased to announce the signing of a contract with a subsidiary of Rhino Resources Ltd. ("Rhino") for the Deepsea Mira for operations in Namibia commencing mid-July 2025. 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 USD 40 million. The contract will increase NOL's firm backlog to approximately USD 395 to 412 million.Throughout this process, NOL is proud to have collaborated with Rhino and Halliburton Company ("Halliburton") - two companies that have demonstrated strong commitment and execution capabilities in Namibia, with a high level of local con...