Fred Olsen Production ASA Company News

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Fred. Olsen Semisub Wins BP Gig
Friday, June 08, 2012Fred. Olsen enters a 3 year contract with BP for use of the semisubmersible drilling rig Byford Dolphin.

Lundin Opts for Additional Well with Bredford Dolphin Semisub
Wednesday, February 29, 2012Lundin has exercised the option for an additional well with Fred. Olsen Energy for use of the semisub drilling unit Bredford Dolphin.

Fred. Olsen Enters LOI for FPSO Offshore Vietnam
Friday, December 09, 2011Fred. Olsen has entered into an LOI with PetroVietnam relating to contracts for construction and installation and subsequent chartering of an FPSO offshore Vietnam.

Fred. Olsen Lands $1.4B in Anadarko Orders
Friday, November 18, 2011Fred. Olsen has entered into contracts for the provision of semisub Belford Dolphin and its newbuild drillship with Anadarko.

Fred. Olsen Production CEO to Resign
Monday, June 20, 2011Fred Olsen Production informed that Mrten Lunde will resign as CEO of the Company on July 31, 2011.

Lundin Contracts Fred Olsen Semisub for NCS Drilling
Thursday, May 19, 2011Fred Olsen has entered into a Letter of Award for the provision of the semisub Bredford Dolphin with Lundin for operation on the Norwegian Continental Shelf.

Bideford Dolphin Continues Work for Statoil on NCS
Wednesday, March 17, 2010Statoil has entered into a three-year drilling contract for the Bideford Dolphin semisub for operation on the Norwegian Continental Shelf.

Bredford Dolphin to Spin Bit for RWE on Norwegian Shelf
Friday, January 08, 2010RWE Dea was awarded a 60-day drilling contract for the Bredford Dolphin semisub, which will operate on the Norwegian continental shelf.

Borgholm Dolphin Buys More Time in UK Sector
Friday, September 04, 2009Dolphin Drilling has entered into an agreement for a two-month extension of the present contract with the accommodation semisubmersible Borgholm Dolphin in the UK sector.

FSO Knock Nevis to Demobilize from Al Shaheen Offshore Qatar
Wednesday, August 12, 2009Maersk Oil's contract for the FSO Knock Nevis expires today, and the FSO will demobilize from the Al Shaheen field offshore Qatar.

AGR Updates on Revised Terms of Bredford Dolphin Contract
Tuesday, June 23, 2009AGR has provided an update on the revised terms within the contract beween Dolphin and RWE Dea Norge for the Bredford Dolphin semsisub, which will be operated by AGR on the Norwegian continental shelf.

AGR Buys Time for Bredford Dolphin Campaign Off Norway
Friday, June 19, 2009AGR has entered into a Letter of Agreement with RWE Dea Norge AS for a 160 days drilling contract for the semisubmersible drilling rig Bredford Dolphin for operation on the Norwegian continental shelf.

Knock Allen FPSO Starts Producing at Olowi Field Offshore Gabon
Tuesday, May 12, 2009FPSO Knock Allan has completed a successful production start-up in Gabon and commenced a 10 year contract with Canadian Natural Resources.

Fred Olsen Underscores Dolphin Rig Contracts, Operations
Wednesday, February 11, 2009Fred Olsen has provided an operational report for the 4th quarter 2008 for its drilling, engineering and fabrication divisions.

Knock Dee FSO Chartered for El Paso's Pinauna Field Offshore Brazil
Monday, January 05, 2009The Knock Dee vessel has been exclusively retained for use as a floating storage and offloading vessel for the Pinauna field offshore Brazil.

Off the Table: Fred Olsen Terminates Agreement for FPSO Knock Taggart
Tuesday, December 16, 2008Fred Olsen Production has terminated the contract for the provision of the FPSO Knock Taggart for the East Orovinyare field offshore Gabon.

Consortium Secures Borgland Dolphin for $775MM Offshore Norway
Thursday, August 28, 2008Rocksource reported that the final contract for the semisubmersible drilling rig Borgland Dolphin's operations on the Norwegian Continental Shelf is being signed by all parties involved.

FOP, GGPC Enter Agreement for FPSO Knock Taggart Offshore Gabon
Thursday, August 28, 2008Fred Olsen has entered into an agreement with GGPC Gabon (EOV) Limited for the provision of FPSO Knock Taggart for the East Orovinyare Field offshore Gabon.

Blackford Dolphin Swims for Tullow Offshore Ghana
Thursday, August 21, 2008The semisub Blackford Dolphin has completed the commissioning and test phase in Rotterdam and has commenced mobilization under the drilling contract with Tullow offshore Ghana.

Rocksource Secures Rig Capacity to Drill on Norwegian Continental Shelf
Friday, August 08, 2008Rocksource announced that the Company has entered into a rig consortium and secured rig capacity for drilling exploration wells on the Norwegian Continental Shelf.

Fred Olsen, El Paso Enter LOI for FSO Offshore Brazil
Friday, August 01, 2008Fred Olsen Production and El Paso Maritime B.V have entered into a LOI for the provision of Knock Dee as a floating storage and offloading vessel on the Pinauna field offshore Brazil for a minimum period of 10 years.

Dolphin Inks New Bank Credit Facility
Monday, June 02, 2008Dolphin International AS signed a new six-year bank credit facility of up to US $1.5 million. The credit facility will be used to prepay existing loans and for general corporate purposes.

FPSO Contract Extension Garners $40 Million
Wednesday, October 17, 2007Tinworth extends contract with Vaalco, Gabon for FPSO Petroleo Nautipa.

Lamprell Wins $33M in New Contracts
Friday, June 01, 2007Lamprell Plc has won more than US$33.0 million in topside and process module fabrication contracts and jackup rig refurbishment contracts.

Maurbeni Teams Up with Fred Olsen Production
Thursday, May 10, 2007Marubeni and Fred. Olsen Production have formed a strategic alliance for the identifying and executing FPSO/FSO projects in certain countries in the Asian region.

Fred. Olsen Accepts $500M Finance Deal
Wednesday, April 18, 2007Fred. Olsen Production ASA has accepted an offer for a US$500 million, 10-year secured revolving credit facility that will be used to refinance existing loans, general corporate funding purposes, and future development of the company's fleet.

Fred Olsen Pte Inks Deal to Upgrade Knock Nevis FSO
Thursday, March 01, 2007First Olsen Pte. Ltd has entered into an agreement with Maersk Oil Qatar for the upgrading of the capacity of the Knock Nevis floating, storage and offloading vessel (FSO) currently on contract to Maersk on the Al- Shaheen field, offshore Qatar.

Fred Olsen Holds Private Placement
Tuesday, February 13, 2007Fred Olsen Production AS has successfully completed a private placement of 44 million new shares at a subscription price of NOK 27 per share, with gross proceeds of NOK 1,188 million.

Fred Olsen Production in Private Placement
Monday, January 29, 2007Fred Olsen Production intends to do a Private Placement of new shares of up to US $200 million based on a 'pre-money' valuation range of the equity in the company of US $250-290 million.