Dolphin Drilling has named Jon Oliver Bryce as its permanent Chief Executive Officer, a pivotal move for the semisub rig owner. Bryce had stepped in as interim CEO from his previous role as Chief Strategy Officer, following Bjørnar Iversen’s departure in January.
Bryce brings a wealth of leadership experience, having previously held senior roles at Awilco Drilling and Odfjell Drilling. Additionally, he is the current chair of the British Rig Owners Association (BROA) and serves as a supervisory board member of the UK Chamber of Shipping.
Reflecting on Dolphin Drilling’s future, Bryce shared, “I see opportunity for Dolphin Drilling going forward. In the drilling rig sector that we currently operate, supply is at an all-time low following a prolonged period of downturn and scrapping. Rig demand, however, is now building due to a combination of macro and basin-specific reasons, creating an ever-tightening market segment.” He emphasized that Dolphin Drilling, which owns three rigs and is listed in Oslo, is strategically poised to capitalize on the current market imbalance and create substantial value.
Under Bryce’s leadership, the company’s focus will be on refining Dolphin Drilling’s operations, prioritizing cost control, organizational optimization, and enhancing financial efficiency. He also envisions expanding the company’s reach through mergers and acquisitions where “synergies and economies of scale can further enhance our investment case.”
Alongside Bryce’s appointment, the company has elected Ronny Bjørnådal as its new chairman. This shift follows a change in ownership, with Svelland Capital and B.O. Steen Shipping taking over shares from Øystein Stray Spetalen-controlled S.D. Standard ETC.
Bjørnådal, commenting on Bryce’s appointment, expressed confidence in the direction of the company, stating: “I am highly confident that Dolphin Drilling, under Bryce’s steady and experienced leadership, will foster a culture with strong customer focus embracing new business opportunities utilising our unique platform, supported by new strategic investors with a long-term view focusing on creating shareholder value.”
With these strategic changes, Dolphin Drilling is poised to navigate the evolving market and achieve long-term success.
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