Oil company Dana Petroleum has terminated a contract for the use of a Maersk Drilling rig in Denmark.
The one-well contract was initially expected to start in May 2020.
However, the two companies then in October 2020 said the contract start-up for the yet to be nominated rig would be deferred.
Come Friday, January 15, Maersk Drilling said Dana Petroleum Denmark had sent a notice of early termination for convenience of the contract.
"Maersk Drilling expects to receive compensation in the form of a termination fee," Maersk Drilling said.