Northern Drilling to Buy Hyundai Heavy’s Rig for US$400 Mln

SEOUL, Dec. 26 (Korea Bizwire) – Northern Drilling Ltd (NODL), a global drilling contractor, has said it will exercise its option to purchase a semi-submersible rig being built by Hyundai Heavy Industries Co., a major South Korean shipbuilder, for US$400 million. The Bollsta Dolphin is one of the world’s most sophisticated floaters and is capable [...]