05/19/2017

Optional well exercised for Bideford Dolphin

With reference to the stocknotice 7th April 2017, Statoil has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bideford Dolphin. The well will be in direct continuation with the upcoming well, which is estimated to be commenced late May. The contract value for the extension is approximately USD 17.2 million for an estimated drilling campaign of 100 days.