Borgholm Dolphin receives new contract

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.