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.

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