Total will pay a cancellation fee according to the former contract. Statoil’s contract for the rig dated back to August 2014. Since last October, the rig has been subchartered to ConocoPhillips.
The Maersk Gallant contract is the latest of several to be terminated by the Norwegian firm.
Since last summer, it has terminated contracts with Transocean Ltd. for the Discoverer Americas ultradeepwater drillship (OGJ Online, Dec. 17, 2015); Songa Offshore for the Songa Trym semisubmersible drilling rig (OGJ Online, Nov. 2, 2015); and COSL Drilling Europe AS for the COSL Pioneer drilling rig (OGJ Online, June 24, 2015).