| CONTRACT UPDATE FOR BELFORD DOLPHIN | |
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03/13/2015
Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has received a termination for convenience notice from Anadarko Petroleum Corporation for the contract for the drilling unit Belford Dolphin. The termination will be effective in early September 2015. The termination fee is approximately USD 52 million.
The unit will undertake its five-year Class Renewal Survey in second/third quarter 2015. The five-year CRS and upgrades is estimated to take approximately 100 days and cost USD 130 million.
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Fred Olsen Energy ASA
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CODE : FOE.OL |
ISIN : NO0003089005 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Fred Olsen Energy ASA is a producing company based in Norway. Fred Olsen Energy ASA is listed in Germany, in Norway and in United States of America. Its market capitalisation is 84.2 millions as of today (US$ 713.6 millions, € 627.7 millions). Its stock quote reached its highest recent level on August 25, 2017 at 9.99, and its lowest recent point on December 07, 2018 at 1.10. Fred Olsen Energy ASA has 66 690 004 shares outstanding. |