Norway's Statoil Cancels Rig Contract with Diamond Offshore
OSLO, June 4 (Reuters) – Norway's Statoil has cancelled a rig contract with Diamond Offshore Drilling Inc eight months earlier than expected, a company spokesperson said on Wednesday, confirming a report by energy news portal Offshore.no.
The Ocean Vanguard rig was expected to remain on contract for Statoil until next February at rate of $454,000 per day, Offshore.no said.
"We confirm that we have terminated the contract with Diamond Offshore. The termination is due to technical aspects of the rig," Communication manager Oerjan Heradstveit said without providing further detail due to confidentiality issues.
The Ocean Vanguard was supposed to move to the U.K to drill a well in June before returning to Norway.
"The contract was valid until February 2015. Apart from this, we don't want to comment any further," Heradstveit said.
(Reporting by Henrik Stolen, edting by Balazs Koranyi)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 1 Offshore Rigs
- Statoil May Build Onshore Terminal for Castberg Oil -Minister (Jan 16)
- Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
Company: Diamond Offshore more info
Manages 19 Offshore Rigs
- New Contracts Drive Diamond Offshore's Profit Beat; Shares Rise (Oct 30)
- Diamond Offshore's Profit Beats Estimates On Lower Costs (May 01)
- Offshore Drillers Still Seeking Recovery Enjoyed by Shale (Feb 07)