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.

Photo: Songa Offshore

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.

Statoil informed Songa Offshore earlier in October that the company would likely have to cancel the contract for rig Songa Trym, which was otherwise set to expire on March 4 2016. After several failed attempts at finding work for the rig elsewhere, this cancellation has now been put into effect.

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