Dolphin Drilling – further part payments from GHL received

Oslo, 2 February 2024

Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) announces part payment received from General Hydrocarbons Limited (GHL) related to remaining past due payments. Reference is made to the Dolphin Drilling Q3 financial report from November 28 2023, where we informed of GHL past due payments representing net USD 17.3 million. Dolphin Drilling received today USD 3 million that brings the total collected since the date of Q3 2023 reporting to USD 5.5 million.

ENDS

For further information, please contact:

Ingolf Gillesdal, Corporate Finance and Investor Relations, tel: +47 920 45 320

Dolphin Drilling | www.dolphindrilling.com
Dolphin Drilling is a leading harsh environment drilling contractor for the offshore oil and gas industry. Dolphin Drilling owns a fleet of three high-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with a strong operational track record. The company has offshore and onshore employees, and onshore locations in Norway, Scotland, Brazil, and Nigeria.