Fred. Olsen Energy ASA: Notice of suspension for Bideford Dolphin

Regulatory News:

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, has received notice of suspension from Statoil for Bideford Dolphin. The rig will be suspended upon completion of current well, estimated to end of June 2016. The work is expected to resume beginning of October 2016. The rig will receive a suspension rate equal to 80% of operating rate during the suspension period.

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