Dolphin Drilling terminates Peak Petroleum contract

(Oslo, 1 December 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) today announces the termination of the contract with Peak Petroleum.

Reference is made to the third quarter 2023 financial report, announced 28 November 2023, outlining the continued breach of the contract between Dolphin Drilling and Peak Petroleum. The contract has now been terminated by Dolphin Drilling. The contract backlog reported in the third quarter 2023 report was adjusted for the contract termination, and will remain at the same level as reported.

ENDS

For further information, please contact:

Ingolf Gillesdal, email: ingolf.gillesdal@dolphindrilling.com, tel: +47 920 45 320

Dolphin Drilling | www.dolphindrilling.com

Dolphin Drilling is a leading harsh environment drilling contractor for the offshore oil and gas industry. Dolphin Drilling owns a fleet of three high-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with a strong operational track record. The company has offshore and onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.