Consortium Secures Borgland Dolphin for $775MM Offshore Norway



Rocksource ASA announced on August 8th that the company had secured rig capacity by participating in a consortium of operators that had entered into a contract for the semisubmersible drilling rig Borgland Dolphin for operation on the Norwegian Continental Shelf (NCS). The final contract has now been signed by all parties.

The estimated contract value between Dolphin AS, a subsidiary of Fred Olsen Energy ASA, and the consortium is approximately US $775 million for a period of 4 years. Rocksource has secured a total of 92 days of the contract period.


 


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