Dolphin Drilling has announced an LOI for a three-year extension to the firm contract period for the Paul B. Loyd Jr.
Paul B. Loyd Jr (Source: Transocean)
Dolphin Drilling has received a commitment subject to certain conditions from Harbour Energy to extend the firm contract period for Paul B. Loyd Jr for an additional three years until September 2027. The total existing firm contract plus the new extended commitment represents an estimated contracted revenue backlog of USD 279 million.
Harbour Energy also maintains a further five one-year options for future projects post the extension period.
Source: Dolphin Drilling
