Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Statoil prematurely ends Stena Drilling rig charter

Statoil prematurely ends Stena Drilling rig charter
Norway’s oil and gas firm Statoil has decided to cancel a mobile rig contract with Stena Drilling about three months ahead of the contract expiry date.

The mobile rig, Stena Don, has been on contract to Statoil since 7 February 2014, performing operations for the Troll and Fram licences. The original contract termination date is 7 February 2017.

“The cancellation will take effect after the plugging activity on the Troll field has been completed, in early November. After this, Stena Don was committed to the Fram licence,” Stavanger-headquartered Statoil stated.

Statoil added that it does not have any other activities where the available capacity can be used.

The Safe Union of Norway stated on its website that the early contract termination will potentially lead to a loss of 180 jobs.

The union expressed hope that Stena Drilling will maintain the rig’s readiness to take up new assignments offshore Norway, once the rig is available in November, so as to avert the job cuts.