Dolphin Drilling AS – update on Blackford Dolphin and earlier announced notice of contract termination in Nigeria
Oslo, 10 May 2024 Dolphin Drilling AS (the "Company") (ticker code: DDRIL) refers to the announcement on 30 April 2024 regarding the termination of the drilling contract in Nigeria. Further to the notice of termination to General Hydrocarbons Limited (“GHL”), a Nigerian oil and gas company, in respect of a contract for the Blackford Dolphin rig, the Company has filed a Request for Arbitration to pursue the recovery of sums remaining due by GHL. The termination of the contract is disputed by GHL. GHL have also filed a Request for Arbitration and, additionally, have made an application