Borgholm Dolphin Wins Contract Extension

The accommodation rig Borgholm Dolphin has been awarded a contract in Mexico from Pemex. The contract is entered into in cooperation with the Mexican operating company Servicios Maritimos de Campeche, S.a. de C.V. (SMC) for 12 months from June 2003 and total contract value is approximately US $10 million. Currently, Borgholm Dolphin operates in Mexico for Pemex under a similar contract, which expires in June 2003.