Norway’s Statoil canceled its contract for the Discoverer Americas drillship on Thursday, citing reduced activity levels.
The Transocean-owned drillship has been on contract with Statoil since 2009, supporting Statoil’s exploration activities in East and North Africa and the Gulf of Mexico.
Statoil said that due to the current environment it has been unable to secure additional activity for the rig for the remainder of the contract period.
The company’s current contract for the rig expires in May 2016.
Transocean said it will receive an early termination payment fully compensating the company, as provided for in the rig’s contract.
The rig can operate in depths of 12,000 feet and has a maximum drilling depth of 40,000 feet.
The Discoverer Americas contributed to test deep-water and ultra-deep water prospectivity in Tanzania, Egypt, and the Gulf of Mexico and appraising the company’s multiple high-impact discoveries in Tanzania.
“All operations were performed with solid drilling efficiency and a good safety culture. Without additional activity lined up, we unfortunately have to let the rig go prior to contract end,” Statoil head of rig procurement Tore Aarreberg said.