Statoil ends West Epsilon contract

Norway's Statoil has issues an early notice of cancellation to North Atlantic Drilling on the West Epsilon harsh environment jackup.

The West Epsilon was originally contracted for drilling services in Norway until the end of December 2016 and the early cancellation will be effective upon concluding its current activities in mid-October.

The jackup up was being used to permanent plug wells at Huldra 30/2-A, in production license 051.

In accordance with the contract NADL will receive a lump sum payment of approximately US$11 million.

Image of the West Epsilon, from NADL.

Read more:

West Epsilon to P&A on Huldra

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