Statoil Suspending Rig Due to Overcapacity in its Portfolio

Source: www.gulfoilandgas.com 7/1/2015, Location: Europe

Statoil has decided to suspend Scarabeo 5 due to overcapacity in its rig portfolio. The suspension will take effect once Scarabeo 5 has completed drilling of a well on the Kristin field in the middle of August, and will last until 1 March 2016.

“We regret the need to suspend Scarabeo 5, but we will do our utmost to resume our drilling operations earlier than planned at the time of suspending the rig,” says Jon Arnt Jacobsen, senior vice president of Procurement in Statoil.


Romania >>  5/18/2022 - Trillion Energy International Inc. is pleased to announce that its 100% subsidiary, Park Place Energy Turkey Limited has signed a definitive offshore ...
United Kingdom >>  5/18/2022 - Borr Drilling Limited ("BORR") is pleased to announce it has secured a binding Letter of Award ("LOA") for the premium jack -up drilling rig "Saga" f...

Brazil >>  5/10/2022 - Karoon Energy has exercised options to add the drilling of up to two wells at the Neon field offshore Brazil to the work scope of the semi-submersible...
United Arab Emirates >>  5/10/2022 - Lamprell is pleased to announce that it is engaged with an international rig operator for major upgrade work on three jack-up drilling rigs in readi...

Saudi Arabia >>  5/9/2022 - Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries[i] signed agreements for the utilisation of two KFELS B Class rigs...
Malaysia >>  5/6/2022 - Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company "Hakuryu 5, Inc." and its agent in Malaysia, NABA Drilling Sdn. Bhd....

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

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


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.