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Statoil cancels two rigs in rough oil market

COSL began its weekend with the unfortunate message that Statoil has canceled the contract for two rigs, which otherwise had contracts into 2019, writes Norwegian media Maritime.no. This is the third rig in one year to be suspended or canceled by Statoil.

Photo: COSL

Chinese COSL (China Oilfield Services Limited, ed.) is now feeling the ice-cold Northern winds in the offshore industry after Statoil canceled one rig, COSLInnovator, and suspended another rig named COSLPromotor.

Both rigs actually had contracts until the second half of 2019, according to data from the investment bank Carnegie, presented by Maritine.no. But they have now been withdrawn from service, the medias sources reports.

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