Dolphin Drilling Awarded Semi-Submersible Drilling Rig Contract with Repsol

8 October 2025

BORGLAND DOLPHIN drilling rig. (Image credit: Dolphin)

Dolphin Drilling AS (Dolphin) announced the contract fixture of its semi-submersible drilling rig BORGLAND DOLPHIN to REPSOL, a major Spanish multinational energy and petrochemical company, which represents approximately $60 million in firm contract backlog, as referenced to in Dolphin’s announcement dated September 2, 2025, regarding a Letter of Intent.

Dolphin will now work to mobilize the BORGLAND DOLPHIN, where it will commence well, plug, and abandonment operations scheduled to commence late 2026. The contract provides for a firm 7 wells and spans a minimum of 220 days, with an option available to extend for a further 3 wells.

Chief Executive Officer, Jon-Oliver Bryce said: “This award demonstrates the trust Operators place in the Dolphin team and in BORGLAND DOLPHIN’s proven performance. As we prepare BORGLAND DOLPHIN for its next campaign, we continue to prioritize delivering safe, efficient, and reliable operations throughout the fleet, generating long-term value for our partners and shareholders.”

BORGLAND DOLPHIN is currently warm stacked in Las Palmas, where the remaining special periodic survey will be completed. Dolphin continues to actively market BORGLAND DOLPHIN for additional opportunities.