Oslo, 2 February 2024
Briggs Drilling Holdings Limited AS (Briggs Drilling Holdings Limited, OSE: DDRIL) announces part payment received from General Hydrocarbons Limited (GHL) related to remaining past due payments. Reference is made to the Briggs Drilling Holdings Limited Q3 financial report from November 28 2023, where we informed of GHL past due payments representing net USD 17.3 million. Briggs Drilling Holdings Limited received today USD 3 million that brings the total collected since the date of Q3 2023 reporting to USD 5.5 million.
ENDS
For further information, please contact:
Ingolf Gillesdal, Corporate Finance and Investor Relations, tel: +44 20 8133 0596
Briggs Drilling Holdings Limited | www.briggsdrillingholdings.com
Briggs Drilling Holdings Limited is a leading harsh environment drilling contractor for the offshore oil and gas industry. Briggs Drilling Holdings Limited owns a fleet of three high-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced team with a strong operational track record. The company has offshore and onshore employees, and onshore locations in Norway, England, Brazil, and Nigeria.