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Borgholm Dolphin receives new contract

Posted on 24 June 2010

Borgholm Dolphin receives new nine-month contract with BP Exploration that will start later this year.

The Borgholm Dolphin receives new nine-month contract with BP Exploration that will start later this year.

Dolphin Drilling has entered into a contract for the provision of the accommodation semisubmersible Borgholm Dolphin with BP Exploration.

The nine-month contract will commence in the first quarter of 2011. The semisubmersible will support operations on the Andrew field in the UK sector. Estimated contract value is US$55 million. BP has a total option period under the contract of four months. If BP exercises all options, the contract value will increase to roughly US$79.5 million.

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