Bredford Dolphin Wins Contract from Peak Well Management

Dolphin Drilling has entered into an agreement with Peak Well Management Ltd. for the Bredford Dolphin to drill two wells in the UK North Sea. The drilling program, with an estimated duration of 60 days, is scheduled to commence in June 2006 after the previously announced 3 months commitment with another operator. Estimated contract value of the extension is approximately US $21 million. Following completion of the drilling program the rig will move to Belfast where preparation work will be carried out for the following 3-year contract in Norway.
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