Lundin Opts for Additional Well with Bredford Dolphin Semisub

Lundin Norway AS has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semisubmersible drilling unit Bredford Dolphin (mid-water semisub). The well will be in direct continuation with current contract with Lundin Norway AS. The contract value for the exercised option is approximately $21.9 million for an estimated drilling program of 60 days.