Dolphin Drilling sells ageing semisub and eyes rig management tie-up

AI Summary

Norwegian offshore drilling contractor Dolphin Drilling agreed to sell its Blackford Dolphin semisubmersible rig to Dubai-based SPM Energy Shipping for up to $25 million. The companies are also considering a partnership to manage rigs in India and other markets.

Norwegian offshore drilling contractor Dolphin Drilling has agreed to sell its Blackford Dolphin semisubmersible rig to Dubai-based SPM Energy Shipping for up to $25m, while establishing a potential partnership to manage drilling rigs in India and other markets. Under the agreement, Dolphin will receive $10m upon delivery, with the remaining $15m payable once SPM receives …