The contract will be for a firm duration of 10 months in the UK sector commencing by the end of November 2011 in direct continuation of the previously announced contract for Borgholm Dolphin.
The estimated contract value for the firm contract period is approximately $60m.
In addition, there are options under the contract of four months.
The contract value will increase to approximately $84m, provided all the options are exercised.
Fred Olsen Energy is a provider of exploration and production services to the offshore oil and gas industry.
