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    Indian summer set to continue for Gulf, says broker

    Contracts, Tenders and Rates // November 7, 2003
    Seabrokers reports that GulfMark's PSVs UT755 Highland Drummer and newcomer UT755L Waveney Castle have been fixed away to support the drill ship BelfordDolphin by the Fred Olsen subsidiary, Dolphin Drilling.

    The drill ship has been chartered on a three-year basis to the Indian State owned Oil and Natural Gas Corporation Limited (ONGC).

    Day rates for the PSVs have not been disclosed, but it was reported that theoverall turnkey drilling package from ONGC to Dolphin Drilling is worth about US$386 million.

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