Dolphin Drilling secures $60m contract with Repsol for BORGLAND DOLPHIN

Dolphin Drilling AS has announced a $60 million firm contract for its semi-submersible drilling rig BORGLAND DOLPHIN with Repsol, a major Spanish energy company. This formalizes a Letter of Intent referenced on September 2nd, 2025, and adds approximately $60 million to Dolphin's firm contract backlog.

The contract is for 7 wells of plug and abandonment operations, spanning a minimum of 220 days, with an option to extend for an additional 3 wells. Operations are scheduled to commence late 2026, following mobilization of the rig. The BORGLAND DOLPHIN is currently warm stacked in Las Palmas, where its special periodic survey will be completed.

chief executive Jon-Oliver Bryce highlighted the trust operators place in Dolphin's team and the rig's performance. The company continues to prioritize safe and efficient operations while actively marketing the BORGLAND DOLPHIN for further opportunities.