Bredford Dolphin Receives Letter of Intent

Fred Olsen Energy has received confirmation of intention for a two well contract for the semisubmersible Bredford Dolphin on the UK Continental shelf. The contract will commence mid June 2001 following the rig's final reactivation in the Harland & Wolff yard in Belfast. The value of the contract is approximately GBP 4.3 million.
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