DELIVERY OF BOLETTE DOLPHIN

DELIVERY OF BOLETTE DOLPHIN

Bolette Dolphin Pte. Ltd., a subsidiary of Fred.
Olsen Energy ASA, has today taken delivery of the
ultra-deepwater drillship Bolette Dolphin from
Hyundai Heavy Industries Co., Ltd.

The drillship will shortly mobilize to West Africa to
commence drilling operations for Anadarko Petroleum
Corporation.