Dolphin Drilling: GHL cash-and-rig proposal ‘encouraging’ but settlement offer falls short

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh-environment mid-water and deepwater semi-submersible drilling rigs, has received a proposal from Lagos-based General Hydrocarbons Limited (GHL) to resolve their long-running arbitration dispute through a combination of cash and potential deployment of its rig in Nigeria.

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