Statoil exercises option on Dolphin Drilling semi-submersible

Statoil exercises option on Dolphin Drilling semi-submersible

Fred. Olsen Energy subsidiary Dolphin Drilling has announced that Statoil has exercised a single well option for semi-submersible rig Bideford Dolphin.

Statoil awarded Bideford Dolphin a one well extension with option in April. With the option now exercised, the rig will be employed for an additional period of around 100 days.

The rig is operating for Statoil on the Norwegian Continental Shelf and the option is worth around $17.2m.

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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