Dolphin Drilling: Awarded $60 Million Contract with Repsol
Dolphin Drilling: Awarded $60 Million Contract with Repsol
OSLO, Norway, 6th October 2025 - Dolphin Drilling AS (OSE: DDRIL) ("Dolphin")
today announced the contract fixture of its semi-submersible drilling rig
BORGLAND DOLPHIN to REPSOL, a major Spanish multinational energy and
petrochemical company, which represents approximately USD 60 million in firm
contract backlog, as referenced to in our announcement dated 2nd September
2025, regarding a Letter of Intent.
Dolphin will now work to mobilize the BORGLAND DOLPHIN, where it will commence
well, plug and abandonment operations scheduled to commence late 2026. The
contract provides for a firm 7-wells and spans a minimum 220 days, with an
option available to extend for a further 3 wells.
Chief Executive Officer, Jon-Oliver Bryce said: "This award demonstrates the
trust Operators place in the Dolphin team and in BORGLAND DOLPHIN's proven
performance. As we prepare BORGLAND DOLPHIN for its next campaign, we continue
to prioritize delivering safe, efficient and reliable operations throughout
the fleet, generating long-term value for our partners and shareholders."
BORGLAND DOLPHIN is currently warm stacked in Las Palmas, where the remaining
special periodic survey will be completed. Dolphin continues to actively
market BORGLAND DOLPHIN for additional opportunities.
For further information, please contact: Ingolf Gillesdal, CFO, tel: +47 920
45 320
Dolphin Drilling | www.dolphindrilling.com
Dolphin Drilling AS is an Oslo listed, Aberdeen head-quartered, company which
owns and operates a fleet of harsh environment mid-water & deep-water
semisubmersible drilling rigs, capable of working worldwide.
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-10-07 10:09 CEST.