Statoil has decided to cancel a contract for use of the semisubmersible drilling rig Songa Trym, four months before the expiration of contract on 4 March 2016.
Statoil has previously notified owner Songa Offshore that the rig would be suspended for a period, and Statoil has tried to find other assignments for the rig after the suspension period and up to the expiration of contract.
“We informed the supplier earlier in October about suspending the contract after the rig has completed the drilling operation on the Tavros well on the Visund field. Statoil has hoped for further activity in the remaining contract period, but we now realize that we must cancel the contract, as we have not succeeded in finding more assignments. We regret that we need to cancel the contract before it expires,” says Tore Aarreberg, head of rig procurements in Statoil.
The move is the latest in a string of rig contract cancellations made by Statoil this year, including contracts on the COSL Pioneer and the Scarabeo 5. Last year it cancelled contracts for the Ocean Vanguard and the Stena Carron drillship.