SFL - Announces $170 Million Contract for Semi-Submersible Rig Hercules

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) today announced that it has signed a drilling contract in Canada with a large, investment grade multinational oil and gas company for the harsh environment semi-submersible rig 

The estimated contract value is approximately $170 million for the minimum term of 400 days.

The contract is expected to commence in the first quarter of 2027. The rig is currently in Norway and will be prepared for mobilization to Canada later this year. Odfjell Drilling will manage the rig on behalf of SFL under the contract.

Ole B. Hjertaker, CEO of SFL Management AS, said in a comment:

March 6, 2026

The Board of Directors
SFL Corporation Ltd.
Hamilton, Bermuda

Espen Nilsen Gjøsund, Vice President - Investor Relations, +47 47 50 05 00
Marius Furuly, Senior Vice President - Energy, +47 23 11 40 16
André Reppen, Chief Treasurer & Senior Vice President, +47 23 11 40 55
Aksel Olesen, Chief Financial Officer, +47 23 11 40 36


Ole B. Hjertaker, Chief Executive Officer, SFL Management AS
+47 23 11 40 11

SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of vessels is comprised of tanker vessels, container vessels, car carriers, bulkers and offshore rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company's website: