Still under construction at Hyundai Heavy Industries, the semi-submersible drilling rig which will eventually be named the Bollsta Dolphin, has just been awarded a $1.064 billion, 5-year contract by Chevron. The rig is scheduled to operate in the UK North Sea at a day rate of $560,000 following it’s delivery from HHI near the end of Q1 2015.
Owned by Dolphin Drilling, a subsidiary of Fred. Olsen Energy ASA, the Bollsta Dolphin newbuild is a Moss Maritime CS 60 E design and is capable of operating in harsh environments in water depths up to 10,000 feet.
The contract includes a mobilization fee of USD $42 million. In connection with the newbuild contract, an estimated USD $40 million will be invested in a second BOP and additional riser.
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President Donald Trump indicated that he might be preparing to ease his “maximum pressure” campaign against Iran, potentially undercutting a central policy dating to his first term and provoking consternation among foreign policy hawks who argue that now is the time to escalate — not lessen — pressure on Tehran.
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