Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy has entered into a Letter of Award for the provision of the semi submersible drilling rig Bredford Dolphin with a group of four oil companies for operation on the Norwegian Continental Shelf.
The contract is for an eight well drilling campaign with an estimated duration of 570 days, with commencement in direct continuation with current contract.
The operators have the right to extend the contract period with four additional wells within 30th of June 2013.
The estimated contract value for the firm period is approximately NOK 1.4 billion (USD 252 million).