Dolphin AS, a subsidiary of Fred. Olsen Energy ASA , has entered into a Letter of Award with Premier Oil Norge AS for a one well drilling contract with the semi-submersible drilling rig Bredford Dolphin for operation on the Norwegian continental shelf.
Commencement of the contract is estimated to August/September 2011, in direct continuation with previous contract. The contract value is approximately USD 22.4 million for an estimated drilling program of 60 days.
Dolphin AS represents the drilling contracting business segment of Fred. Olsen Energy ASA on the Norwegian side of the North Sea basin. Currently there are three 4 th generation semisubmersibles drilling units in operation, Borgland Dolphin, Bideford Dolphin and Bredford Dolphin. Dolphin AS performs it’s offshore operations in a safe and secure manner having a strong focus on Heath Safety and the Environment, (HSE). Dolphin AS is a leading drilling operator in the Norwegian oil and gas market, taking good of it’s employees with a sound safety philosophy aiming at a zero accident goal.
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Source: Fred Olsen Energy, December 23, 2010; Image: Ptil