Seadrill confirms cancellation of Arctic rig contract

Offshore staff

HAMILTON, Bermuda – Husky Oil Operations has canceled its drilling contract with Seadrill for the West Mira drillship.

In late 2012 Husky was awarded a five-year contract for the newbuild semisubmersible rig for operations offshore Canada and Greenland, with estimated revenue potential of around $1 billion.

Due to construction delays in South Korea, Seadrill had tentatively agreed with Husky to reduce the day rate, but the construction contract was subsequently canceled as Hyundai Heavy Industries could not deliver the rig within the required timeframe.

Seadrill remains in discussions with Husky to find an alternative solution.



Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...