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Dolphin Drilling files for bankruptcy

Dolphin Drilling
Dolphin Drilling

Norwegian-headquartered firm Dolphin Drilling ASA has filed for bankruptcy, but added that the Aberdeen office of the company is “not connected”.

It said the filing is in respect “to its financial situation and restructuring efforts”.

Creditors of Dolphin Drilling have now demanded payment for all outstanding debts associated with the firm.

The Aberdeen office of the company said it was “not connected” to the issues in Norway “in any way.”

A representative for Dolphin Drilling in Aberdeen said: “It has nothing to do with the Aberdeen office at all, it’s just in Norway.”

Dolphin Drilling ASA said: “Regretfully, the creditors of Dolphin Drilling ASA have not been able to agree on the terms for a consensual restructuring, and the secured creditors have demanded payment of all amounts outstanding under the secured debt of the Company.

“As per the resolution of the board, the Company will file for bankruptcy today on 26 June 2019.”

More to follow…

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Craigmill, Pitcaple, Inverurie, Aberdeenshire, United Kingdom, AB51 5HP
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