Harbour Energy PLC signed a letter of intent to extend its contract for use of Dolphin Drilling AS’s Paul B. Loyd Jr. semi-submersible rig until September 2027.
Harbour Energy PLC signed a letter of intent to extend its contract for use of Dolphin Drilling AS’s Paul B. Loyd Jr. semi-submersible rig until September 2027.
The total existing firm contract plus the 3-year extension represents an estimated contracted revenue backlog of $279 million, Dolphin Drilling said in a release June 22. Harbour also will maintain a further five 1-year options for future projects past the extension period.
Paul B. Loyd Jr. is currently working in the North Sea.
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
