about 18 years ago
Fred Olsen subsidiary, Dolphin Drilling Ltd, has entered into a Letter of Intent for the provision of the Borgholm Dolphin semisubmersible in the North Sea. Dolphin will supply the Borgholm Dolphin accommodation rig for a 12 weeks fixed contract plus options up to an additional eight weeks, in the U
Fred Olsen subsidiary, Dolphin Drilling Ltd, has entered into a Letter of Intent for the provision of the Borgholm Dolphin semisubmersible in the North Sea.
Dolphin will supply the Borgholm Dolphin accommodation rig for a 12 weeks fixed contract plus options 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 and the estimated value for the fixed period is approximately US $19.3 million.
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