Fred. Olsen Energy ASA: BP EXERCISES OPTION FOR BORGHOLM DOLPHIN

OSLO, Norway--(BUSINESS WIRE)--Regulatory News:

BP Exploration Operating Co. Ltd has exercised the option for one additional month with Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA (OSE:FOE), for use of the semi-submersible accommodation unit Borgholm Dolphin. The operation will be in direct continuation with current contract. The contract value for the exercised option is approximately USD 5.7 million.

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