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Pacific Drilling cancels drillship at Samsung Heavy Industries

Pacific Drilling cancels drillship at Samsung Heavy Industries

Pacific Drilling has cancelled a ultra-deepwater drillship being built at Samsung Heavy Industries (SHI).

The company said it had cancelled the contract for the Pacific Zonda, due to SHI’s failure to “timely deliver a vessel that substantially meets the criteria required for completion of the vessel in accordance with the construction contract and its specifications”.

Pacific Drilling is seeking refund of $181.1m in advance payments made on the drillship.

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