BORGSTEN DOLPHIN
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Underway to breakers in Aliaga
The "Borgsten Dolphin" was under tow of the "Fairmount Glacier" (IMO: 9344796) and "Smit Nicobar" (IMO: 9322592) to breakers in Aliaga on Sep 1, 2017.
Fred Olsen Energy to decommission semi-sub
Norwegian company Fred Olsen Energy has decided to decommission elderly semi-submersible rig Borgsten Dolphin in the third quarter. The 1975-built rig is currently cold-stacked in Invergordon, Scotland. The company will use proceeds from the decommissioning to repay a $4.25m bank facility. It is the third semi-submersible rig the company has decommissioned after Borgny Dolphin and Borgholm Dolphin.
Fred. Olsen Energy ASA: Borgsten Dolphin - Early termination
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA has entered into an early termination agreement with Total E&P UK for the tender support vessel BORGSTEN DOLPHIN which will result in a cessation of offshore services on 1st October 2016 and the unit mobilising inshore for expected cold stacking thereafter. Total will pay an early termination fee of approximately $22.1 million in addition to payment for services provided until 1st October 2016.
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