Statoil shelves Scarabeo 5

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.

Image: Scarabeo 5 drilling rig

Read more

PSA gives Statoil consent to use Scarabeo 5

 

Current News

Oil Edges to 2-Week High on Ukraine News

Oil Edges to 2-Week High on Uk

EMGS to Conduct CSEM Survey Offshore India

EMGS to Conduct CSEM Survey Of

Poland to Open New Areas for Offshore Wind Development in Baltic Sea

Poland to Open New Areas for O

Swedish Firm Eyes Multi-Megawatt Wave Energy Farm Off Grenada

Swedish Firm Eyes Multi-Megawa

Subscribe for OE Digital E‑News

Offshore Engineer Magazine