- Repsol signed a deal with Dolphin Drilling for the Borgland Dolphin semi-submersible rig.
- The contract covers seven wells over at least 220 days, with options for three more.
- Plug and abandonment work is set to begin in late 2026 after rig mobilization and inspection.
Repsol S.A , a Spanish energy company, has signed an agreement with Dolphin Drilling, an offshore drilling contractor, for the Borgland Dolphin semi-submersible drilling rig. Per the terms of the deal, Dolphin Drilling will provide well, plug and abandonment services to Repsol. The contract is anticipated to cover seven wells and has a duration of at least 220 days. It also includes an option to extend it for three additional wells.
The contract follows a letter of intent that was signed by both parties in September 2025. The deal adds approximately $60 million to Dolphin Drilling’s contract backlog. Following confirmation, Dolphin Drilling has stated that it will now move forward with the mobilization of the offshore drilling unit to commence plug and abandonment activities for Repsol. The well, plug and abandonment operations are scheduled to begin toward the end of 2026. Mobilization of the Borgland Dolphin rig involves preparing it for the assignment and arranging for the unit to move to the project’s location.
The Borgland Dolphin semi-submersible rig is currently warm-stacked in Las Palmas. The company mentioned that it will undertake the remaining special periodic survey in Las Palmas. This is a mandatory inspection process that is conducted every five years to ensure that the rig is safe to operate and complies with offshore industry regulations. Built in 1977, the Borgland Dolphin semi-submersible rig has a maximum drilling depth of 27,800 feet and can operate in water depths of up to 1,476 feet.
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