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Statoil suspends two rigs

The Norwegian oil giant Statoil has too many drilling rigs in its portfolio and has decided to put two of them on hold.

Photo: Semco

Norway’s Statoil has once again decided to discontinue operations of some of its drilling rigs. This time around, it pertains to the rigs Songa Trym and Transocean Spitsbergen. The decision has been made partly because the drilling work in the Saturn well in the Barents Sea has been completed, and partly because the group is done sealing off a well in the Oseberg field in the North Sea.

It is the third time in a matter of just five months that Statoil suspends the use of drilling rigs. In early July, Statoil announced that it would discontinue the use of the rig Scarabeo 5 in September, and in mid-september, the group said COSL Pioneer would be suspended.

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