Fossil Energy – Drilling
Dolphin Drilling today announces the award of the 12-month contract for Blackford Dolphin by General Hydrocarbons Limited (GHL) in Nigeria.
The contract has a total value of approximately USD 96 million.
“We are proud to announce the final award of the Blackford Dolphin contract, proving our position in the niche moored semisubmersible market. Dolphin Drilling has attractive assets, a strong team and a solid platform to leverage on the favourable market development with improved rates. The contract for Blackford Dolphin underlines the potential of the company and its assets, and we believe Dolphin Drilling will capitalize on the continued expected tight rig market for the rest of the fleet,” says Bjørnar Iversen, Chief Executive Officer at Dolphin Drilling.
Having recently completed work in the Gulf of Mexico for PEMEX, the Blackford Dolphin will mobilize to Las Palmas for its special periodic survey prior to commencing operations in Nigeria.