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.
