Oslo-listed offshore drilling firm Dolphin Drilling has announced positive outcome in the arbitration case with General Hydrocarbons Limited (GHL) over the termination…
Oslo-listed offshore drilling firm Dolphin Drilling has announced positive outcome in the arbitration case with General Hydrocarbons Limited (GHL) over the termination contract for Blackford Dolphin semi-submersible rig that was hired for operations offshore Nigeria.
In Apriil 2024, Dolphin Drilling terminated the contract with GHL for the Blackford Dolphin semi-submersible drilling rig due to issues with the agreed payments.
After that, a mutually acceptable sole arbitrator has been appointed by the Nigerian courts, which later directed that an existing interim injunction, to maintain status quo, continue in force pending orders by the arbitrator.
At the time, Dolphin Drilling also received service of Nigerian court proceedings in an action brought by Technova Africa International Limited.
Technova obtained an ex parteorder of arrestment against the Blackford Dolphin, which Dolphin Drilling deemed to be without merit. Soon after, the arrest order filed by Technova has been lifted, while Dolphin Drilling continued to contest the claims made by Technova.
In un update from December 23, Dolphin Drilling confirmed
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