Gulf Oil and Gas accountACCOUNT

Seadrill Receives Notice of Contract Cancellation for the West Mira

Source: www.gulfoilandgas.com 9/22/2015, Location: Europe

Seadrill Limited (Seadrill), has been notified by Husky Oil Operations Limited ("Husky") of the cancellation of the drilling contract for the West Mira (The Unit).

In the fourth quarter of 2012 Seadrill was awarded a 5 year contract for the West Mira with Husky for operations in Canada and Greenland. The total estimated base revenue potential was approximately $1 billion. As stated in the Company's second quarter earnings report, due to the late delivery of the Unit, the Company had tentatively agreed with Husky to reduce the dayrate on the West Mira. The construction contract was subsequently cancelled by Seadrill due to the Shipyard's inability to deliver the Unit within the timeframe required under the contract.

Seadrill remains in discussions with Husky to find an alternative solution to meet its drilling requirements.

Rigs >>

Rigs News in Norway >>

United States >>  5/27/2020 - Epiroc, a leading productivity partner for the mining and infrastructure industries, introduces DH350, the first of a new line of oil and gas drilling...
Bahamas >>  5/26/2020 - Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, ...

South Africa >>  5/19/2020 - Please be informed that due to ongoing restrictions related to the coronavirus (COVID-19) pandemic, Odfjell Drilling and Total South Africa have agree...
Norway >>  5/14/2020 - Seadrill Partners LLC has received a notice of termination for the West Polaris contract. As a result, the contract is expected to conclude in early N...

Thailand >>  5/13/2020 - Shelf Drilling, Ltd. announces results for the first quarter of 2020 ending March 31. The results highlights will be presented by audio conference cal...
United Kingdom >>  5/12/2020 - Serica Energy plc has entered into a contract for the provision of a drilling rig for the intervention work on the Rhum-3 (R3) well on behalf of ...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 |

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.