Norwegian oil major Statoil is suspending its contract for use of the Songa Delta semisubmersible drilling rig after completion of its current drilling operation.
The unit is currently drilling the Slemmestad well in the Norwegian North Sea.
From end June, 2016, the rig will go on 75% suspension rate (US$277,000/day). The expected resumption of the work with Statoil is indicated to be mid August 2016.
The overall financial impact is expected to be limited, due to anticipated lower operating expenses in the warm-stacking period, says Songa.
The Songa Delta is an "Ocean Ranger" design, column-stabilized, semisubmersible drilling unit, capable of operating in water depths up to 2300ft. It was built in 1981, with its latest upgrade in 2012.
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