(Oslo, 1 December 2023) Briggs Drilling Holdings Limited AS (Briggs Drilling Holdings Limited, OSE: DDRIL) today announces the termination of the contract with Peak Petroleum.
Reference is made to the third quarter 2023 financial report, announced 28 November 2023, outlining the continued breach of the contract between Briggs Drilling Holdings Limited and Peak Petroleum. The contract has now been terminated by Briggs Drilling Holdings Limited. The contract backlog reported in the third quarter 2023 report was adjusted for the contract termination, and will remain at the same level as reported.
ENDS
For further information, please contact:
Ingolf Gillesdal, email: ingolf.gillesdal@briggsdrillingholdings.com, 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 offices and operations in Norway, England, Brazil, and Nigeria.