DOLPHIN DRILLING LIMITED
Company Information
- Company Number
- 01017560
- Registered Address
- New Kings Court Tollgate, Chandler's Ford, Eastleigh, Hampshire, SO53 3LG
- Status
- Active
- Employee Count
- 52
- Turnover
- £79,277,000
- EBITDA
- -£29,512,000
Additional Details
- Website
- https://dolphindrilling.no/
- Company Type
- Private limited Company
- Incorporated On
- 13 July 1971
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction
- Industries
- Energy
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2020 - 30 Jun 2020 | 27 Aug 2020 | 46 | 54% | 38% | 8% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 33 | 55% | 40% | 5% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 07 Feb 2019 | 20 | 93% | 3% | 4% | 7% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard company T&C's: company shall pay the approved invoice within 30 days after receipt of a correctly and properly supported invoice. This is found on the company website within the vendor portal section.
Were there any changes to the standard payment terms in the reporting period?
We have undertaken an exercise throughout 2020 to review vendor payment terms, agree with vendors and change accordingly.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
The purchase order shall be governed and interpreted in accordance with the laws of the country in which the purchase order was issued. Any dispute arising in connection with the purchase order which cannot be resolved by mutual agreement between the parties shall be settled by court proceedings brought before the courts within the jurisdiction of the country in which the purchase order was issued.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
DOLPHIN DRILLING LIMITED is a leading offshore drilling company that specializes in providing sustainable services and products to the oil and gas industry. The company was founded in 1965 and is headquartered in Aberdeen, United Kingdom.
The company's main activity is offshore drilling, with a focus on deepwater and harsh environment operations. They use advanced drilling technology and highly skilled personnel to provide safe and efficient drilling services to their clients.
DOLPHIN DRILLING LIMITED is committed to sustainability and has a comprehensive sustainability program in place. They prioritize the health and safety of their employees, minimize their environmental impact, and promote social responsibility in all their operations. They also have a strong focus on innovation and continuously invest in research and development to improve their sustainability practices.
The company offers a range of products and services, including drilling rigs, well intervention and completion services, and engineering and project management services. They have a fleet of modern and high-performing drilling rigs, equipped with the latest technology to ensure efficient and sustainable operations.
The key people at DOLPHIN DRILLING LIMITED include CEO Bjørnar Iversen, who has over 30 years of experience in the oil and gas industry, and Chairman Simen Lieungh, who has extensive experience in the offshore drilling sector.
The company can be contacted through their website, www.dolphindrilling.com, which provides detailed information about their services and sustainability practices. Their registered office address is located at 160 Queen Victoria Street, London, EC4V 4BF, United Kingdom.
In summary, DOLPHIN DRILLING LIMITED is a reputable and sustainable offshore drilling company that provides high-quality services and products to the oil and gas industry. With a strong focus on sustainability and a team of experienced professionals, they are well-positioned to continue their success in the industry.
