On September 5 Dolphin Drilling, the global contractor with a rich North Sea history, announced that it is establishing its international headquarters in Aberdeen.

The move comes due to increasing optimism for the drilling industry, as well as significant investment from US-based private equity firm Strategic Value Partners.

Bjørnar Iversen, recently appointed Chief Executive Officer, said: “We are a truly global company with a thriving, vibrant business and fantastic future ahead of us. We now have a UK parent company with strong operational bases in both Aberdeen and Stavanger, and have positioned ourselves to provide the very best quality of service to our clients at the best possible price.

“The North Sea has always played a significant role in Dolphin Drilling’s history, which can be traced back to 1965 where we were one of the first drilling companies to operate in the deep water and harsh environments. We are net-debt free, with some very good rigs ready to go to work, with financial flexibility which allows us to focus on our clients.”

Dolphin Drilling is one of the North Sea’s longest established drilling contractors, that recently underwent a significant restructuring process, both financially and at board level, appointing a new world-class management team, which collectively has more than 100 years’ experience in offshore drilling.