Anadarko Terminates Drilling Contract for Belford Dolphin Drillship

Norway's Fred. Olsen Energy ASA announced Friday that Dolphin Drilling Ltd., a subsidiary of the company, has received a termination for convenience notice from Anadarko Petroleum Corporation for the contract for the drilling unit Belford Dolphin (DW drillship).

The termination will be effective in early September. The termination fee is approximately $52 million.

The unit will undertake its five-year Class Renewal Survey (CRS) in second/third quarter 2015. The five-year CRS and upgrades is estimated to take approximately 100 days and cost $130 million.


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit