NYSE:SFLOil and Gas
The Bull Case For SFL (SFL) Could Change Following New US$170 Million Hercules Rig Contract
SFL Corporation announced that it has secured a drilling agreement in Canada for its semi-submersible rig Hercules, an estimated US$170 million contract for a minimum of 400 days, with Odfjell Drilling to operate the unit after preparation in Norway.
This contract meaningfully enhances visibility on future rig utilization and cash inflows from Hercules, a previously idle asset highlighted as a risk in the earlier investment narrative.
We’ll examine how this new US$170 million Hercules...