Northern Ocean Ltd is an offshore drilling company focused on providing harsh‑environment semisubmersible rigs for oil and gas exploration and development. The company’s assets are designed for operations in challenging conditions such as the North Sea and other demanding offshore basins, supporting exploration, appraisal, and production drilling campaigns.
Northern Ocean owns a small fleet of modern sixth‑generation semisubmersible drilling units that are chartered to international exploration and production companies. The rigs are typically operated under management agreements with established drilling contractors, enabling high-specification operations in deepwater and harsh weather environments. Through these services, the company supports upstream activities that supply feedstocks to the broader energy and chemicals value chain.