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Borgsten Dolphin Early Termination


Published Oct 1, 2016
Borgsten Dolphin-2
Borgsten Dolphin (photo: Dolphin Drilling Ltd)

Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has entered into an early termination agreement with Total E&P UK for the tender support vessel Borgsten Dolphin which will result in a cessation of offshore services on 1st October 2016 and the unit mobilising inshore for expected cold stacking thereafter.

Total will pay an early termination fee of approximately USD 22.1 million in addition to payment for services provided until 1 October 2016.

 

Tags: Dolphin Drilling Ltd, Fred. Olsen Energy ASA, Total E&P UK




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