01/24/2017

Contract extension for Bideford Dolphin

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, has entered into a one well contract extension with Statoil for use of the semi-submersible drilling rig Bideford Dolphin for operation on the Norwegian Continental Shelf, with commencement in direct continuation of the current contract. The one-well program is estimated to take 35 days and estimated contract value is approximately USD 6.1 million.