Premier Oil sends Ocean Rig breach notice

Ocean Rig, a provider of offshore deepwater drilling services, has announced that on 31 January 2016, it has received a notice of breach of material obligations from Premier Oil under the drilling contract for the Eirik Raude. Ocean Rig is evaluating the contents of this notice and its options under the contract.

Eirik Raude is a fifth generation deepwater semisubmersible deepwater drilling rig. It was contracted out to Premier Oil in Q1 2015 to work in the Falkland Islands. Recently, the Eirik Raude re-drilled the 14/20-1 Isobel Deep well, confirming the Isobel Deep oil discovery.

Image: Eirik Raude/ Ocean Rig

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