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Regulatory press release

Dolphin Drilling – Update on Arbitration Award

Dolphin Drilling

(Oslo, 14 July 2025) Dolphin Drilling AS (OSE: DDRIL) provides an update on the Arbitration Award obtained against General Hydrocarbons Limited

 

Further to the announcement made on 23 December 2024, concerning an arbitration award obtained against General Hydrocarbons Limited, Dolphin Drilling confirms that the Federal High Court of Lagos, Nigeria, has today made an order granting Dolphin Drilling leave to enforce the arbitration award.  The total sum due under the arbitration award is approximately USD 105m, and Dolphin Drilling shall continue to pursue collection efforts.

For further information, please contact:

Ingolf Gillesdal, CFO, Mob: +47 920 45 320

E-mail: Ingolf.gillesdal@dolphindrilling.com

About Dolphin Drilling AS:

Dolphin Drilling AS is an Oslo listed, Aberdeen head-quartered, company which owns and operates a fleet of harsh environment mid-water & deep-water semisubmersible drilling rigs, capable of working worldwide.

This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12. The information was submitted for publication at 2025-07-14 22:29 CEST.

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