Dolphin Drilling to acquire two semi-submersible rigs with robust backlog, consolidating the standard rig segment
(Oslo, 22 June 2023) Dolphin Drilling AS ("Dolphin Drilling") (OSE: DDRIL) announces the acquisition of two semi-submersible rigs, the Paul B. Loyd Jr. and the Transocean Leader for a total of USD 61.5 million (plus an additional USD 3 million) (the "Transaction"). Dolphin Drilling is contemplating a private placement of approx. USD 60 million to finance the Transaction (the "Private Placement"). “We are excited about this acquisition, which not only expands our fleet but also enhances our earning visibility," says Bjørnar Iversen, CEO of Dolphin Drilling. “This transaction