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Dolphin drillship contract cancelled

Oslo: Fred. Olsen Energy has said that subsidiary, Dolphin Drilling has received a contract termination for convenience notice from Anadarko Petroleum Corporation for the drillship Belford Dolphin (built 2000).

The termination is effective early September 2015, and Dolphin will receive a fee of around $52m.

After redelivery the vessel will undergo a five year class renewal survey and upgrades, which will take around 3-4 months and cost $130m.

Dolphin Drilling is the drilling contracting arm of Fred. Olsen Energy.

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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