Dolphin Drilling Receives Contract Extension for Borgholm Dolphin

Dolphin Drilling has accepted a revised letter of award for the provision of the accommodation semisubmersible rig Borgholm Dolphin in the UK North Sea from January 2007. The previous announcement comprised a contract period of five months and a contract value of approximately US $28 million. The revised letter of award, which is subject to execution of a final contract, covers an approximate period of 7.5 months of activity commencing mid January 2007. The estimated contract value is approximately US $43 million.
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