(Oslo, 24 December 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
Reference is made to the announcement on 1 December 2023 relating to termination of the Peak Petroleum contract. The termination was a result of the continued breach of contract by Peak Petroleum. The contract backlog reported in the third quarter 2023 report was adjusted for the contract termination, as further announced in the release on 1 December 2023.
Dolphin Drilling today announces that it has received formal notice of legal action from Peak Petroleum disputing the termination of the contract.
Dolphin Drilling disputes this position and together with its legal advisors will take the appropriate measures. Further updates to the market will be provided as and when available.
For further information, please contact:
Ingolf Gillesdal, Corporate Finance and Investor Relations, tel: +47 920 45 320
Dolphin Drilling | www.dolphindrilling.com
Dolphin Drilling is a leading harsh environment drilling contractor for the offshore oil and gas industry. Dolphin Drilling owns a fleet of three high-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with a strong operational track record. The company has offshore and onshore employees, and onshore locations in Norway, Scotland, Brazil, and Nigeria.