HAMILTON, Bermuda, Jan. 6, 2003 (PRIMEZONE) -- Northern Offshore Ltd. (Other OTC:NOFSF):
ChevronTexaco has, in letter dated January 3, declared their right to extend the current contract for Northern Producer for a period of one year commencing from January 5, 2004. The rig will thereby be on contract to ChevronTexaco at least until the end of 2004.