Dolphin Drilling AS announced an agreement with General Hydrocarbons Limited (GHL) regarding past due payment amounts and remaining work under the drilling contract. Reference is made to the fourth quarter 2023 financial report which reported an outstanding balance with GHL. Dolphin Drilling has in 2024 received two installments, as announced 9 January 2024 and 2 February 2024 respectively.

The agreement is intended to enable Dolphin Drilling to receive payment of all sums due under the contract, and to enable GHL to continue to utilise the Blackford Dolphin for an agreed period of time. Following the agreement, the company has received a further payment and Blackford will continue operations for GHL. The next payment in the plan is due by late April 2024.