Dolphin Drilling AS — M&A Activity 2019

May 13, 2019

Letter of Intent for Borgland Dolphin

Letter of Intent for Borgland Dolphin

Dolphin Drilling AS, a subsidiary of Dolphin Drilling ASA, has entered into a

Letter of Intent (LOI) for a contract with an un-named operator in Norway for a

one-well development drilling programme in the North Sea, using the semi

-submersible drilling rig Borgland Dolphin. The LOI is subject to final

contract. The program is estimated to 70 days with a commencement window from

1st of February to 1st of May 2020. The LOI also include two one well options.

Contacts:

Hjalmar Krogseth Moe, Chief Financial Officer (+47) 22 34 10 00

Einar Tyssen, Chief Business Development Officer (+47) 22 34 10 00

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