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SPOILER ALERT!

Dolphin Exploration wins contract expansion and consents to go into multi-year calculated alliance with i3 Power

Following conclusion of the most recent help i3 Power, the Borgland Dolphin will go right to the Knarr area on the Norwegian Continental Rack to offer the drilling as well as conclusion of a gas production well for AS Norske Covering in Norway.

International professional Dolphin Boring has actually announced a two-month agreement extension with i3 Power for use the Borgland Dolphin semi-submersible exploration rig as well as consented to become part of a four-year calculated operations agreement in between both firms.

Dolphin Boring previously agreed a 94-day contract with i3 Energy for drilling operations on the Liberator oilfield, and the Serenity possibility in the UK's Central North Sea. The severe setting exploration professional has actually concurred the contract expansion by approximately 55 days, to make it possible for i3 Power to finish its planned boring campaign.

The effective connection in between Dolphin Boring and also i3 Power has encouraged both business to agree to become part of a four-year strategic partnership to make it possible for i3 to fulfill its future gear needs.

Bj?rnar Iversen, president of Dolphin Drilling, claimed: "We are delighted to be able to use i3 Power the flexibility to make use of the Borgland Dolphin to finish its planned activity.

" We invite the opportunity to establish a longer-term contract with i3 Energy as a result of the excellent connection we have developed in between each various other until now, and we look forward to interacting on more tasks in the years in advance."

Majid Shafiq, Chief Executive Officer in i3 Power, stated: "We have actually been extremely amazed with Dolphin Drilling as a business and the Borgland Dolphin rig. The excellent performance and adaptability of its strategy has given us the confidence to agree to enter into a lasting strategic procedures contract with Dolphin Exploration where it will be our front runner rig provider for future campaigns."

drag-reducing agents to completion of the most up to date help i3 Energy, the Borgland Dolphin will certainly go right to the Knarr area on the Norwegian Continental Rack to offer the exploration and also completion of a gas production well for AS Norske Shell in Norway.

Mr Iversen included: "The need for the Borgland Dolphin reflects the rig's outstanding efficiency and also performance document and declares the industry's growing confidence in Dolphin Exploration's decision to offer the greatest top quality of solution, in an eco-friendly as well as lasting method to our customers at the most effective possible rate."

The Borgland Dolphin is a fifth generation exploration gear, which was totally restored in 1999. It belongs to the deep - and also extreme setting exploration expert's fleet of properties, the majority of which have been lately reconditioned to integrate the most recent technology. The Borgland Dolphin also ranks as one of the "greenest" mobile boring systems in the North Sea.