Statoil cancels contract with sub-leased rig

Statoil has decided to cancel the contract with Maersk Gallant.
The Maersk rig has been on contract with Statoil for two years, since 21 August 2014, and since 9 October it has been sub-chartered to ConocoPhillips.
Between 14 February and 21 August 2016 the Maersk Gallant is on a new contract with Total, who will pay cancellation fee according to the former contract.
Source: Statoil
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