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Dolphin Drilling is tightening the semi-sub market due to a significant decrease in available vessels, leading to strong Q2 EBITDA growth and a substantial backlog.

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Dolphin Drilling is tightening the semi-sub market with fewer than 15 moored semi-submersibles marketed globally.
Q2 EBITDA jumped 27% YoY to $7m, with a firm backlog of $557m plus $446m in options.

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@marhelmdata· 27.3K followers
Dolphin Drilling is tightening the semi-sub market. Q2 EBITDA jumped 27% YoY to $7m, while firm backlog reached $557m, with another $446m in options. The bigger story: fewer than 15 moored semi-submersibles are now marketed globally, down from ~140 in 2010. $DDRIL

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