John Fredriksen-backed North Atlantic Drilling Ltd (NADL) has extended an agreement with Sembcorp Marine to push back delivery of a rig on order at Jurong Shipyard, both companies said.
Delivery of the semi-submersible West Rigel will now be delayed to 6 January under the standstill agreement.
Oslo and New York-listed NADL, which is controlled by Fredriksen’s Seadrill and has eight drillships and rigs on the water, has repeatedly pushed back delivery of the unit as it struggles to find employment in a depressed offshore market.
The
