Dolphin assigns rig for Brazil well

Offshore staff

OSLO, Norway -- Dolphin Drilling has a Letter of Intent to provide the semisubmersible Blackford Dolphin for one well offshore Brazil.

The program is due to start towards the end of 2011. The estimated duration is 135 days, with a total contract value of around $47 million.

Terms remain subject to final contract agreement as well as partner and management approval, which should all be completed by end-May.

04/26/2011

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