Borgholm Dolphin Wins New Contract

The Borgholm Dolphin
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Dolphin Drilling has entered into an agreement for the provision of the accommodation semisubmersible rig Borgholm Dolphin in the UK North Sea. The agreement, which is subject to execution of a final contract, covers an approximate period of five months of activity commencing first half January 2007. The estimated contract value is approximately US $28 million. The Borgholm Dolphin is presently contracted to Shell UK until end October 2006.
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