New drilling contract for Borgsten Dolphin

Dolphin Drilling Ltd. has received a letter of intent from CNR International Ltd. for a three-month contract with the semisubmersible drilling rig Borgsten Dolphin for operations in the UK sector of the North Sea.
Sept. 21, 2005

Offshore staff

(UK, North Sea)-Dolphin Drilling Ltd. has received a letter of intent from CNR International Ltd. for a three-month contract with the semisubmersible drilling rigBorgsten Dolphin for operations in the UK sector of the North Sea.

The contract is valued at $14 million. The award, which is subject to agreement on contract terms, will follow in direct continuation from the present Borgsten Dolphin contract with Chevron Upstream Europe.

09/21/05.

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