Dolphin Drilling will establish its international headquarters in Aberdeen, showing its commitment to the North Sea at a time of increasing optimism for the drilling industry, the offshore drilling contractor announced on Friday.
The company will establish its Aberdeen headquarters at the existing Howe Moss Drive site following significant investment from a United States-based private equity firm, it said.
Recently appointed Chief Executive Officer Bjørnar Iversen said, “We now have a UK parent company with strong operational bases in both Aberdeen and Stavanger, and have positioned ourselves to provide the very best quality of service to our clients at the best possible price.
“The North Sea has always played a significant role in Dolphin Drilling’s history, which can be traced back to 1965 where we were one of the first drilling companies to operate in the deep water and harsh environments. We are net-debt free, with some very good rigs ready to go to work, with financial flexibility which allows us to focus on our clients.”
The deepwater, harsh environment drilling specialist, which also has a presence in Singapore and Brazil, owns a fleet of assets, most of which have been recently refurbished. This includes the semi-submersible Borgland Dolphin, which is believed to have set a new standard for the fastest rig turnaround when it was taken from standby to operational mode in just 70 days, after a contract was signed with i3 Energy.
Iversen, who has previously been CEO at Songa Offshore and held several posts at Odfjell Drilling including President and CEO, said: “Dolphin Drilling has pioneered rig design and operational excellence throughout its history. Our assets have one of the lowest carbon footprints, and our sustainable moored rig design provides best-in-class energy efficiency through significant savings on fuel consumption and CO2 emissions. The drilling efficiency of the rigs with their modern drilling packages has really proven them to be top performers in the industry.
“Getting the Borgland Dolphin ready for operation in just 70 days shows that Dolphin Drilling is ready, willing and most importantly able to play an important role in the next chapter of global offshore drilling.”