Dolphin Drilling AS announced the award of a USD 154 million drilling contract from Oil India Limited (Oil India). Reference is made to the announcement 19 October 2023 regarding the Letter of Award with Oil India. Under the terms of the final agreement, Dolphin Drilling will deploy the Blackford Dolphin semisubmersible drilling rig to support Oil India's exploration and development activities with operations planned to commence in the second half of 2024.

The contract duration spans a firm three wells drilling campaign over 14 months representing a firm value of USD 154 million for the rig and associated services, plus an optional period for seven months.