Dolphin Drilling nets Borgholm LOI

Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has receive a letter of intent for the provision of the accommodation semi-submersible Borgholm Dolphin for a twelve month period commencing 1 June 2013 supporting operations in the UK sector.

The letter of intent remains subject to formal approvals and final contract. Estimated contract value is approximately USD 89 million.

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