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Friday, March 10, 2023
Dolphin Drilling has signed a new contract for the Blackford Dolphin rig with Peak Petroleum in Nigeria. The new deal is in direct continuation of the previously announced 12-month contract with General Hydrocarbons Limited (GHL). As reported in January 2023, Dolphin Drilling secured a Letter of Award (LOA) for the rig.
The new contract has the potential to extend the backlog by a minimum of 120 and up to 485 days, in addition to the existing GHL backlog. The effective dayrate associated with the minimum firm period of the contract is $325,000, including the mobilization fee.
“The final award of the contract for Blackford Dolphin shows the opportunities in Nigeria at a strong dayrate, in addition to building on the backlog for the rig. It also underlines the attractiveness of our assets, and we look forward to returning to revenue-generating operations in 2023,” says Bjørnar Iversen, CEO of Dolphin Drilling.
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