Statoil cancels rig contract for the Stena Don

Statoil ASA has cancelled a contract with Stena Drilling Ltd. for the Stena Don semisubmersible. The cancellation will take effect after plugging activity on Troll field has been completed in November.

The original contract termination date was Feb. 7, 2017. The rig has been on contract to Statoil since Feb. 7, 2014, performing operations for the Troll and Fram licenses.

Statoil said the Stena Don had been committed to the Fram license, but there is not a work program there and Statoil does not have any other activities where the rig could be used (OGJ Online, May 23, 2016).

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

Whitepapers

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...