OSLO, Norway — Dolphin Drilling has started operations from two rigs the company has acquired from Transocean.
The semisubmersible Paul B. Loyd, Jr brings a firm revenue backlog of $280 million with Harbour Energy, which has contracted the rig through February 2028, with options for five one-year extensions thereafter.
In addition, Dolphin has entered a five plus five-year master services agreement with Harbour.
Transocean Leader is the other rig in the transaction.
“We see strong interest for our offshore floater rigs in the UK sector,” said Dolphin CEO Bjørnar Iversen. “The UK drilling market is showing positive signs and the Dolphin Drilling fleet offers flexibility to take on all floating rig requirements in the years to come, including exploration drilling, production drilling, and plug and abandonment work across the UK sector.”
