Statoil has cancelled a rig contract with Diamond Offshore Drilling eight months earlier than expected, a Statoil spokesperson confirmed on Wednesday.

The rig, Ocean Vanguard, was expected to remain contracted under Statoil until February 2015.

The day rate for the Ocean Vanguard is $454,000.

Statoil communication manager Oerjan Heradstveit said, “We confirm that we have terminated the contract with Diamond Offshore. The termination is due to technical aspects of the rig.”

“The contract was valid until February 2015. Apart from this, we don’t want to comment any further,” Heradstveit said.


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