Statoil Cancels Songa Trym Contract Prematurely
Statoil announced Monday that it has decided to cancel its Songa Trym (mid-water semisub) contract, four months before the March 4, 2016 expiration date.
The energy firm had previously notified Songa Offshore that the rig would be suspended for a period and attempted to find other assignments for the construction after the suspension period, up to the expiration of contract, although no further activity was found for the drilling rig.
Tore Aarreberg, head of rig procurements at Statoil, commented in a company statement:
“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.”
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.
- Big Oil Reuses Platforms in Latest Cost-Cutting Trick (Nov 15)
- Tight Oil, Shale to Drive Majors' Output to New Highs (Oct 16)
- Shell, Equinor Commit to Tanzania LNG as They Await Host Accord (Oct 16)
Company: Songa Offshore ASA more info
- Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B (Aug 15)
- Songa Offshore to Cut 430 Jobs Due to Ongoing Norway Oil, Gas Strikes (Sep 30)
- Songa Encourage Rig Commences 8-Year Statoil Drilling Contract (Apr 12)