Bredford Dolphin Receives Contract Extension

Fred Olsen Energy ASA has received Letters of Intent from two oil companies for employment of the semisubmersible Bredford Dolphin with a combined contract value of approximately $8.8 million. The first is for a further well under the rig's current contract with Kerr McGee in the UK. This has a duration of approximately 30 days in direct continuation from the current workscope. The second is a two well contract with Nimir Petroleum Company North Africa Ltd for work offshore Tunisia. The period of the program including mobilization from the North Sea has a scheduled duration of approximately 110 days. As a result of these commitments the Bredford Dolphin is next expected available around mid/late April 2002. Conclusion of these agreements remains subject to formal approval and contract execution.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours