Dolphin Drilling AS - M&A Activity 2023

Borgland Dolphin signed LOI in the UK

(Oslo, 22 December 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)

announces a Letter of Intent (LOI) for a 500-day drilling campaign with an

undisclosed operator in the UK.

Dolphin Drilling has signed an LOI for a 500-day drilling campaign in the UK for

the semisubmersible rig Borgland Dolphin. The drilling campaign is planned to

commence directly after the firm contract period with EnQuest Ltd, previously

announced. The contract value includes an upfront cash payment and a fixed

dayrate. With this announcement Borgland Dolphin has backlog throughout 2025 and

2026, plus further options with schedule flexibility.

ENDS

For further information, please contact:

Ingolf Gillesdal, email: [email protected], tel: +47 920

45 320

Dolphin Drilling |

www.dolphindrilling.com (https://eur02.safelinks.protection.outlook.com/?url=http

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Dolphin Drilling is a leading harsh environment drilling contractor for the

offshore oil and gas industry. Dolphin Drilling owns a fleet of three high

-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland

Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced

team with a strong operational track record. The company has offshore and

onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.

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