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Financial Report.pdf

NODL-2022-12-31-EN.pdf
Preview of Financial Report
🔗 Source: northerndrillingltd.com
📊 Size: 878 KB
👤 Author: jabin.hall
⬇️ Downloads: 36

Summary

Northern Drilling Ltd. is an international offshore drilling contractor that was incorporated in Bermuda in 2017. The company does not own any drilling vessels due to the termination of three construction resale contracts in 2019 and 2021, which are currently in arbitration proceedings. The company is seeking to recover pre-delivery instalments paid for the terminated contracts, totaling $269.2 million. As of 2022, the company has one employee and is dependent on loans and/or equity issuances and/or successful outcomes in its disputes to finance its ongoing operations, raising substantial doubt about its ability to continue as a going concern.

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Description

Northern Drilling Ltd. is an international offshore drilling contractor that was incorporated in Bermuda in 2017.

Technical Information

  • File Format: PDF
  • File Size: 878 KB
  • Pages: 24
  • Language: EN
  • Author: jabin.hall
  • Total Downloads: 36
  • Last Updated: 2 months ago

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