New contract for Bulford Dolphin

Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA, has received a Letter of Intent from Equator Exploration Ltd. for a five well drilling programme, with an estimated duration of 210 days, offshore West Africa for the semi-submersible rig Bulford Dolphin. Estimated contract value is USD 37.5 million including a mobilisation fee of USD 6 million. The unit is presently preparing for demobilisation from offshore Mexico having recently been released by Pemex and will depart to West Africa imminently.

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