Offshore drilling company Dolphin Drilling has been awarded a 12-month offshore drilling contract with Nigeria's General Hydrocarbons Limited (GHL). The contract is worth $96 million.
The contract is for the Blackford Dolphin semi-submersible drilling rig built in 1974. It will start in the fourth quarter of 2022.
"Having recently completed work in the Gulf of Mexico for PEMEX, the Blackford Dolphin will mobilise to Las Palmas for its special periodic survey before commencing operations in Nigeria," said Dolphin Drilling.
"We are proud to announce the final award of the Blackford Dolphin contract, proving our position in the niche market of moored semi-submersibles. "
Bjørnar Iversen Managing Director of Dolphin Drilling
"Dolphin Drilling has attractive assets, a strong team and a solid platform to capitalise on the favourable market development with improved rates. The Blackford Dolphin deal underlines the potential of the company and its assets, and we believe Dolphin Drilling will capitalise on the continued development of the tightly rigged market expected for the rest of the fleet.
Dolphin Drilling recently announced its activation on the Euronext N-OTC list. The company is expected to be listed on Euronext Growth in late October.