Dolphin Drilling – Update on Arbitration Award

(Oslo, 14 July 2025) Dolphin Drilling AS (OSE: DDRIL) provides an update on the Arbitration Award obtained against General Hydrocarbons Limited

Further to the announcement made on 23 December 2024, concerning an arbitration award obtained against General Hydrocarbons Limited, Dolphin Drilling confirms that the Federal High Court of Lagos, Nigeria, has today made an order granting Dolphin Drilling leave to enforce the arbitration award.  The total sum due under the arbitration award is approximately USD 105m, and Dolphin Drilling shall continue to pursue collection efforts.

For further information, please contact:

Ingolf Gillesdal, CFO, Mob: +47 920 45 320

E-mail: [email protected]

About Dolphin Drilling AS:

Dolphin Drilling AS is an Oslo listed, Aberdeen head-quartered, company which owns and operates a fleet of harsh environment mid-water & deep-water semisubmersible drilling rigs, capable of working worldwide.