Borgsten Dolphin to Start Ops for Chevron Mid-July

Earlier this year, Dolphin Drilling entered into an agreement with ChevronTexaco North Sea Ltd. for a drilling program of approximately 150 days in the UK sector of the North Sea with expected commencement in May 2005.

The Borgsten Dolphin left the yard end May as planned. Due to problems with the anchoring equipment during anchoring, expected commencement of drilling operations have been delayed until mid July 2005.

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