Cancellation of rig contract

Source: Statoil

Statoil has decided to cancel the contract with Stena Drilling for the mobile oil & gas rig Stena Don.

Statoil has decided to cancel the contract with Stena Drilling for the mobile oil & gas rig Stena Don.

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

The cancellation will take effect after the plugging activity on the Troll field has been completed, in early November. After this, Stena Don was committed to the Fram licence.

However, the licence does not have any work programme for the rig, nor does Statoil have any other activities where the available capacity can be used.

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...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs