Norwegian offshore drilling contractor Dolphin Drilling has signed a letter of intent with an unnamed shopper for a possible rent of certainly one of its offshore drilling rigs.

Dolphin Drilling on Monday stated the letter of intent had been signed with an operator in Norway, with out disclosing the title of the oil firm.

The driller stated that the potential contract can be for one-well improvement drilling program within the North Sea, utilizing the semi-submersible drilling rig Borgland Dolphin.

The LOI is topic to ultimate contract. The program is estimated to final 70 days with the beginning window from February 1, 2020, to May 1, 2020. The LOI additionally contains two one-well choices.

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While Dolphin Drilling stated nothing on the anticipated dayrate, Norwegian rig brokers Bassoe Offshore have estimated the dayrate for the rig to be round $170000.

Worth remind, aside from the letter of intent introduced on Monday, Dolphin Drilling has lately signed a contract with London-listed i3 Energy for using the Borgland Dolphin semi-submersible drilling rig within the UK North Sea.

The i3 contract is for 94 days and is predicted to start between July 15 and August 15, 2019. I3 will use the rig at its undeveloped Liberator oil subject and Serenity prospects within the North Sea.

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