Bredford Dolphin Wins More Work in the UK North Sea

Dolphin Drilling has been awarded a contract for the Bredford Dolphin for an expected three month contract in the UK North Sea. The contract will commence around March 2006 in direct continuation from the unit's existing contract commitments with Peak Well Management. The estimated value of the contract is approximately US $22 million.

After completion of this new contract the Bredford Dolphin is due for an estimated 30-60 days class renewal survey and is available for new assignments thereafter.