Northern Ocean Ltd. (4JO)

Profile

https://www.northernocean.no

Northern Ocean Ltd. is a Bermuda-based international drilling contractor specializing in offshore contract drilling services for the oil and gas industry worldwide. Incorporated in 2017 and headquartered in Hamilton, Bermuda, the company operates as a subsidiary of Hemen Holding Limited. It owns and manages two advanced semi-submersible rigs, Deepsea Mira and Deepsea Bollsta, capable of drilling in water depths up to approximately 10,000 feet, particularly in harsh environments. Northern Ocean Ltd. also engages in investments related to power generation solutions, diversifying its operations within the energy sector. With a lean team of about 10 employees, it is led by CEO Arne Jacobsen and key executives including CFO Jonas Ytreland and COO Vidar Skjelbred. The company plays a vital role in the oil and gas drilling industry, supporting exploration and production activities through high-specification rigs that meet global demands for efficient offshore operations.