Dolphin Drilling firms up $150m semisub deal with Harbour Energy
12 May 2026
Norwegian offshore rig owner Dolphin Drilling has secured a new long-term contract with Harbour Energy for the semisubmersible drilling rig Paul B Loyd Jr in the UK sector of the North Sea. The contract will begin immediately after the expiry of the rig’s current firm term and follows the letter of
Norwegian offshore rig owner Dolphin Drilling has officially secured a significant $150 million contract with Harbour Energy for the semisubmersible drilling rig Paul B Loyd Jr. This long-term agreement covers operations within the UK sector of the North Sea and commences immediately following the expiry of the rig’s current firm term. This deal underscores the continued demand for high-specification drilling assets in the North Sea, providing long-term employment stability for offshore personnel operating within this critical energy region.
Operational compliance for the Paul B Loyd Jr remains strictly governed by the IMO’s MODU Code, which provides specific safety standards for mobile offshore drilling units. Furthermore, the vessel must adhere to SOLAS Chapter IX regarding the International Safety Management (ISM) Code, ensuring that safety management systems are robust and fully audited. Compliance departments must also ensure that all onboard operations align with MARPOL Annex VI regarding air pollution prevention and MLC 2006 regulations, which mandate strict standards for crew accommodation, health protection, and medical care for seafarers.
This contract extension creates immediate opportunities for experienced chief engineers and second engineers familiar with North Sea offshore operations. These officers must ensure that all engine room maintenance schedules are strictly updated to meet the new operational timeline. Furthermore, navigating officers should review the latest UK sector offshore safety guidelines to ensure full compliance during the transition period. Maintaining rigorous technical documentation is essential for all senior technical staff to support the rig’s continued certification and operational performance.
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