Financial Ports

Dolphin Drilling offloads ageing rig for $25m, eyes Indian market tie-up

CLAVE 1 / 4Dolphin Drilling sells Blackford Dolphin semisubmersible rig for up to $25m to SPM Energy Shipping.

CLAVE 2 / 4Deal includes $10m upfront payment, with $15m due after SPM secures a drilling contract.

CLAVE 3 / 4Memorandum of understanding signed for potential rig management partnership in India and other markets.

CLAVE 4 / 4Blackford Dolphin, built in 1974 and upgraded in 2008, can operate in water depths up to 1,829 metres.

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