Borgholm Dolphin receives new contract
![dolphin Borgholm Dolphin receives new nine-month contract with BP Exploration that will start later this year.](https://live-drillingcontractor-org.pantheonsite.io/wp-content/uploads/2010/06/dolphin2-300x225.jpg)
Dolphin Drilling has entered into a contract for the provision of the accommodation semisubmersible Borgholm Dolphin with BP Exploration.
The nine-month contract will commence in the first quarter of 2011. The semisubmersible will support operations on the Andrew field in the UK sector. Estimated contract value is US$55 million. BP has a total option period under the contract of four months. If BP exercises all options, the contract value will increase to roughly US$79.5 million.