Grenland Group Awarded Blackford Dolphin Upgrade Work

Grenland Group, through its subsidiary Grenland Framnaes, has been awarded a major engineering contract by Fred. Olsen Energy AS for the upgrade of a AKer H-3 semisubmersible, Blackford Dolphin.

The contract includes conceptual design as well as a complete "basic design" package for upgrade of an early generation semi to a deepwater drilling unit. The rig is presently located in South-Africa.

Completion of the upgrades is expected during the first quarter of 2007.

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