The vessel, Discoverer Americas, had been contracted by the company since 2009 and had drilled in deepwater and ultra-deepwater blocks in Tanzania, Egypt and the Gulf of Mexico. Statoil had suspended another rig contract in November four months early due to over-capacity.
The rig’s day rate was USD 590,000, and it was stationed in the US Gulf of Mexico most recently. Offshore rig owners are losing much-needed revenue as oil and gas companies cut expenses to survive the current period of low oil prices.
The sustained oil price slump since mid-2015 has led Statoil to shrink its investment budget. The company announced in June that it would cut 1,500 jobs to reduce operational costs by USD 1.7 billion.
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