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).

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