Statoil has decided to cancel the contract with Stena Drilling for the mobile rig Stena Don.
The rig has been on contract to Statoil since 7 February 2014, performing operations for the Troll and Fram licences. The original contract termination date is 7 February 2017.
The cancellation will take effect after the plugging activity on the Troll field has been completed, in early November. After this, Stena Don was committed to the Fram licence.
Key data points: The growth forecast = 5.0% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in tight gas market to 2031 by type (processed tight gas and unprocessed tight gas), application (residential, commercial, industrial production, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesHowever, the licence does not have any work programme for the rig, nor does Statoil have any other activities where the available capacity can be used.
