Dolphin Drilling AS announces the award of a USD 154 million drilling contract from Oil India Limited (Oil India), one of India's premier exploration and production companies.
Reference is made to the announcement October 19, 2023, regarding the Letter of Award with Oil India. Under the terms of the final agreement, Dolphin Drilling will deploy the Blackford Dolphin semisubmersible drilling rig to support Oil India's exploration and development activities with operations planned to commence in the second half of 2024.
"We are delighted to have been selected by Oil India Ltd for this important drilling contract. This partnership is a testament to our track record of operational excellence, safety, and reliability. We look forward to leveraging our expertise to support Oil India's objectives and contribute to the success of their projects," says Bjørnar Iversen, CEO of Dolphin Drilling.
The contract duration spans a firm three wells drilling campaign over 14 months representing a firm value of USD 154 million for the rig and associated services, plus an optional period for seven months.
