Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) signs Letter of Intent (LOI) in connection with a potential new contract for the PAUL B. LOYD JR through 2030.
The LOI, which is subject to certain conditions, outlines the parties’ intention to work towards a contract with a duration of two-and-a-half years, until August 2030. The new contract, in direct continuation of the unit’s current contract, materially increases Dolphin Drilling’s backlog and provides long-term earnings visibility through 2030. Subject to future project requirements, the operator also retains options to extend the engagement for up to a further five years beyond the firm contract period.
For further information, please contact: Ingolf Gillesdal, CFO, tel: +47 920 45 320
Dolphin Drilling | www.dolphindrilling.com
About Dolphin Drilling AS: Dolphin Drilling AS is an Oslo listed, Aberdeen head-quartered, company which owns and operates a fleet of harsh environment mid-water & deep-water semisubmersible drilling rigs, capable of working worldwide.