SFL · SFL Corporation Ltd.

Summary

SFL Corporation Ltd. announced a $170 million drilling contract in Canada with a large, investment grade multinational oil and gas company for the harsh environment semi-submersible rig Hercules, with a minimum term of 400 days commencing in Q1 2027. The contract positions the rig for future drilling campaigns on the East Coast of Canada.

Key takeaways

• Signed drilling contract for rig Hercules with large investment grade multinational oil and gas company
• Contract value approximately $170 million for minimum 400 days
• Contract to commence in first quarter of 2027
• Rig currently in Norway, to mobilize to Canada later in 2026
• Odfjell Drilling to manage the rig on behalf of SFL