Fred._Olsen_Energy

Dolphin Drilling

Dolphin Drilling

Offshore drilling company

Not to be confused with Dolphin Energy.

Dolphin Drilling Holdings Limited is an offshore drilling rig company headquartered in Aberdeen, Scotland, United Kingdom with its main subsidiary Dolphin Drilling AS located in Sandnes, Norway. Until 2019, Dolphin Drilling had its headquarters in Oslo, Norway.

Quick Facts Company type, Industry ...

The company offers services for the offshore industry within offshore drilling.

History

In 1965, A/S Aker Drilling Company Ltd. (Dolphin Drilling) was established. In 1976, Fred. Olsen & Co. acquired Aker Drilling Services, and renamed it Dolphin Services A/S.

In 1997, based on Dolphin Services A/S, the Fred. Olsen Energy ASA was formed. The company was listed on Oslo Stock Exchange with the tickers FOE and later DDASA. In 1998, its remotely operated vehicle division was sold to Stolt Comex Seaways (now Subsea 7). In 2003, Dolphin Well Services AS was sold to PSL Energy Services Limited.

Fred. Olsen Energy ASA was renamed to Dolphin Drilling ASA in December 2018. In June 2019, Dolphin Drilling filed for bankruptcy. The main shareholders that time were the companies Bonheur and Ganger Rolf ASA, controlled by the Olsen family. A debt investor SVP Global acquired more than 90% of the company's debts and transferred its operating subsidiaries to a new Jersey-registered holding company, Dolphin Drilling Holdings Limited.[1][2][3] Shortly afterwards, the international headquarters of the company were moved to Aberdeen.[4]

In May 2022, it was announced that Cyprus-headquartered oilfield services company, SD Standard ETC had acquired a 25% stake in Dolphin Drilling, as part of a $10 million USD deal.[5]

Fleet

Fleet owned and operated:

  • 1 deepwater drilling rig Blackford Dolphin - 7 000 ft water depth
  • 4 Mid water semi submersible drilling rigs, Borgland Dolphin, Bideford Dolphin, Paul B. Loyd Jr. and Transocean Leader

References

  1. [1]
    McCormick, Myles (26 June 2019). "Norway's Dolphin Drilling files for bankruptcy". Financial Times. Retrieved 4 May 2020.
  2. [2]
    McPhee, David (27 June 2019). "Dolphin Drilling files for bankruptcy, creates new holding company". Energy Voice. Retrieved 4 May 2020.
  3. [3]
    Solsvik, Terje (26 June 2019). "Dolphin Drilling Declares Bankruptcy". Offshore Engineer. Retrieved 4 May 2020.
  4. [4]
    Thomas, Allister (6 September 2019). "Dolphin Drilling hails 'rebirth' establishing Aberdeen as international HQ". Energy Voice. Retrieved 4 May 2020.
  5. [5]
    Andrew Dykes (6 May 2022). "SD Standard acquires 25% stake in Dolphin Drilling". Energy Voice. Retrieved 7 May 2022.


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