Fred. Olsen Energy has secured a contract extension for one of its offshore drilling rigs.
The company on Tuesday said its subsidiary Dolphin Drilling Ltd has agreed an extension of its current contract with Chevron North Sea Ltd for the semi-submersible Blackford Dolphin.
The extension covers ongoing operations with Chevron beyond early February on a program in order to complete the current well in progress.
This is expected to conclude around late February 2017. The estimated contract value for the extension period is approximately $2.6 million, Fred. Olsen said. The rig was built in 1974, and upgraded in 2007.