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

Maximizing Operational Excellence

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

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...