Statoil cancels Songa rig in declining market

Statoil has canceled a contract for a drilling rig from Songa Offshore four months ahead of schedule. The rig is now being idled and will thus join the steadily growing number of idled offshore vessels in the North Sea. Siem and Deep Sea Supply also bring bad news.

BY JOHANNES HARTKOPF-MIKKELSEN

A cancellation of a contract for drilling rig Song Trym together with yet another series of idled offshore vessels represent the latest impact of the declining activity in the North Sea.

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Siem delivers another quarter deficit in squeezed market
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Farstad pulls another five ships from the market
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Fredriksen's Deep Sea Supply idles two offshore vessels
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