Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Dolphin Drilling acquired two rigs from Transocean

Friday, June 23 2023

Fossil Energy – Acquisition of two rigs

Dolphin Drilling acquired the Paul B Lloyd Jr and Transocean Leader from Transocean.

The double acquisition signals exciting times for the Company as Dolphin showcases its operational platform’s capacity to incorporate additional assets and generate immediate, robust cash flows for our shareholders.

The addition of these rigs allows Dolphin to consolidate the midwater rig segment in a tightening market, characterized by historically low supply and surging day rates across offshore basins.

Currently Paul B Loyd Jr is under contract with Harbour Energy in the UKCS, with a firm period until September 2024.

In connection with the acquisition, Dolphin Drilling has entered into a LoI with Harbour Energy, extending the firm contract period for Paul B Loyd Jr for an additional three years until September 2027.

Related posts:

  1. DNV acquires energy price forecaster Antuko
  2. UK operations OSD-IMT sold
  3. Lithuanian shipbuilder acquires former Dutch shipyard
  4. EDF Renewables acquires offshore wind project in Australia

Filed Under: Acquisition, Dolphin Drilling, International News


Read Magazine Online



Wind and Fossil Info



Event List


  • Offshore Energy Exhibition & Conference 2023
    • 28/11/2023 - 29/11/2023
    • Amsterdam
  • all events

Copyright © Practica Productions - All rights reserved - 2023 cookies