Dolphin Drilling Wins Letter of Award for Offshore Drilling Project in India

Bartolomej Tomic
Thursday, October 19, 2023

Offshore drilling contractor Dolphin Drilling said Thursday it had received a Letter of Award (LOA) for a drilling campaign from Oil India Limited for a 14-month firm period, with another 7-month extension option.

This follows Dolphin Drilling's mid-September announcement, which said it had been the lowest bidder in the Oil India offshore drilling rig tender.

Dolphin Drilling said at the time that the Borgland Dolphin semi-submersible drilling rig was the rig bid by Dolphin Drilling for the rig tender and that, subject to final award the contract start-up for the drilling campaign to start in Q3 2024.

In a statement on Thursday announcing the LOA award, Dolphin Drilling said the LOA is "subject to signed final contract."

No information was shared on the contract value.

For what is worth, Oil India Limited said Monday that the company's board had approved a charter hire of one anchor moored drillship or semi-submersible drilling unit with associated equipment and services at a total estimated cost of Rs.1282.55 crore [excluding GST]."

Converted to U.S. dollars, Rs. 1282.55 is currently worth around $154 million.

Categories: Drilling Asia Drilling Rigs

Related Stories

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

CNOOC Makes Major Oil and Gas Discovery in South China Sea

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Shell Hires Noble’s Drillship for Work in Southeast Asia

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

SLB Names Raman CSO, CMO

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

CNOOC’s South China Sea Oil Field Goes On Stream

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Current News

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Petrovietnam, Petronas Extend PSC for Offshore Block

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com