Dolphin Drilling secures North Sea deal for two firm wells

Source: press release, 27 April 2020

Chief Executive Officer of Dolphin Drilling, Bjørnar Iversen
Chief Executive Officer of Dolphin Drilling, Bjørnar Iversen (photo: Dolphin Drilling)

Global contractor Dolphin Drilling has announced it will carry out a programme of North Sea drilling work for Wellesley Petroleum AS after securing a two firm well contract with the option for two more.

The first firm well work is scheduled to commence this autumn, with the second being drilled in 2021. The two optional wells are also planned for 2021, and Wellesley has chosen the Borgland Dolphin as its Rig of Choice for the Norwegian Continental Shelf (NCS) work.

Bjørnar Iversen, Chief Executive Officer of Dolphin Drilling, says, “I am very glad that Wellesley Petroleum AS is showing responsibility by drilling on the NCS during this difficult time with coronavirus and low oil prices. I hope that oil companies with exploration campaigns or other drilling needs, see through the short-term market fluctuations and use this opportunity to use Borgland Dolphin to get their wells drilled in 2020 and 2021.”

Dolphin Drilling is a pioneer in North Sea drilling, celebrating its 55th year in operation this year. The company continues to be one of the leading contractors in the industry and this latest contract aligns to its strategic intent of building a significant presence in Norway. The operation will be managed out of the new operation centre at Forus in Stavanger.

Callum Smyth, Operations Manager at Wellesley Petroleum AS, says, “We put a lot of weighting on selecting a drilling contractor with the right culture, and the Dolphin Drilling team have demonstrated exactly the kind of culture that we want with a track record of teamwork, ownership and experience with operators like Wellesley Petroleum AS.”