DOLPHIN DRILLING SECURES NEW CONTRACT AND ONE CONTRACT EXTENSION

April 28, 2020

Dolphin Drilling has secured a one well plus one optional well with Wellesley Petroleum for a programme of drilling work on the Norwegian Continental Shelf.
Callum Smyth, operations manager at Wellesley Petroleum AS, said: “When we went to the market for a rig for our 2020 well activities, we put a lot of weighting on selecting a drilling contractor with the right culture. The Dolphin Drilling team were able to demonstrate exactly the kind of culture that we want with a track record of teamwork, ownership and experience with operators like Wellesley Petroleum AS”
The work between Dolphin Drilling and Wellesley Petroleum AS is scheduled to begin in the Norwegian Continental Shelf in August 2020.
The company also announced a two-month contract extension with i3 Energy for use of the Borgland Dolphin semi-submersible drilling rig and agreed to enter into a four-year strategic operations agreement between both companies.
Dolphin Drilling previously agreed a 94-day contract with i3 Energy for drilling operations on the Liberator oilfield, and the Serenity prospect in the UK’s Central North Sea. The harsh environment drilling specialist has agreed the contract extension by approximately 55 days, to enable i3 Energy to complete its planned drilling campaign.
The successful relationship between Dolphin Drilling and i3 Energy has encouraged the two companies to agree to enter into a four-year strategic alliance to enable i3 to meet its future rig demands.
Bjørnar Iversen, chief executive of Dolphin Drilling, said: “We are delighted to be able to offer i3 Energy the flexibility to use the Borgland Dolphin to complete its planned activity.”
The Borgland Dolphin is a fifth generation drilling rig, which was completely rebuilt in 1999. It is part of the deep – and harsh environment drilling specialist’s fleet of assets, most of which have been recently refurbished to incorporate the latest technology.
One of the first drilling companies to operate in the North Sea in 1965, Dolphin Drilling, also has a presence in Singapore and Brazil, is net-debt free and recently announced its new international headquarters in Aberdeen, and operational bases in Aberdeen and Stavanger.
(Source: Dolphin Drilling – Image: Borgland Dolphin anchor handling in the North Sea/Dyxum)