In relation to the drilling contract for Thule Power, KCA Deutag, our contract operator and rig manager, has notified Thule Drilling that Saudi Aramco has tendered a "notice of its intention to terminate the Contract, effective December 25, 2007".
Thule is in a dialogue with KCAD to find out more precisely what Saudi Aramco's intentions are.
Thule is seeing interest from several potential buyers/charterers of its rigs, among others from sources in the Middle East.
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