Borgholm Dolphin Awarded LOI for UK Sector Work

Dolphin Drilling Ltd, a subsidiary of Fred Olsen Energy ASA, has entered into a Letter of intent for the provision of the accommodation semi-submersible Borgholm Dolphin for a 12 weeks fixed contract, plus options of up to an additional eight weeks, in the UK sector.

The contract will follow in direct continuation from the unit's forthcoming contract with Shell. Estimated contract value for fixed period is approximately USD$19.3 million. The agreement remains subject to final contract