Dolphin Drilling has announced a new contract with Repsol for its Borgland Dolphin semi-submersible drilling rig, valued at approximately $60 million. This agreement follows the letter of intent signed between the two companies in September 2025.
Under the contract, Borgland Dolphin will undertake a firm program of seven wells for well, plug, and abandonment operations scheduled to begin in late 2026. The campaign spans a minimum of 220 days, with an option for an additional three wells.
“This award demonstrates the trust operators place in the Dolphin team and in Borgland Dolphin’s proven performance. As we prepare Borgland Dolphin for its next campaign, we continue to prioritize safe, efficient, and reliable operations across our fleet,” said Jon-Oliver Bryce, CEO of Dolphin Drilling.
Currently warm-stacked in Las Palmas, the rig will complete its remaining special periodic survey (SPS) before mobilization for the upcoming project. The contract reinforces Dolphin Drilling’s growing presence in the plug and abandonment market and highlights its continued commitment to operational excellence and customer confidence.
