Dolphin Signs Letter of Intent for Paul B. Loyd Jr

07 Apr Dolphin Signs Letter of Intent for Paul B. Loyd Jr

Dolphin Drilling AS signs Letter of Intent (LOI) in connection with a potential new contract for the PAUL B. LOYD JR through 2030.
The LOI, which is subject to certain conditions, outlines the parties’ intention to work towards a contract with a duration of two-and-a-half years, until August 2030. The new contract, in direct continuation of the unit’s current contract, materially increases Dolphin Drilling’s backlog and provides long-term earnings visibility through 2030. Subject to future project requirements, the operator also retains options to extend the engagement for up to a further five years beyond the firm contract period. .Related News