Chevron cuts short offshore Angola drilling rig contract

Chevron’s Angola affiliate Cabinda Gulf Oil Co. has issued an early termination notice of its contract for the ultra-deepwater drilling semisubmersible Mærsk Deliverer.

Mar 30th, 2016
Mærsk Deliverer
Mærsk Deliverer

Offshore staff

COPENHAGEN, Denmark – Chevron’s Angola affiliate Cabinda Gulf Oil Co. (CABGOC) has issued an early termination notice of its contract for the ultra-deepwater semisubmersible drillingrig Mærsk Deliverer.

The contract was due to end this December – the rig had worked for CABGOC since May 2012.

ContractorMaersk Drilling said the decision was a reminder of the challenging conditions in the offshore rig market with oil companies restraining activities and capital spending in response to the lower oil price environment.

Michael Reimer Mortensen, head of global sales, said: “We expect to base the rig inWest Africa, and will continue to explore opportunities with our customers in primarily West and East Africa, which remain strategic markets for us.”

Mærsk Deliverer, built in 2009, is designed for year-round operation in areas such as Brazil, the Gulf of Mexico, West and East Africa, and Asia/Pacific in water depths of up to 3,000 m (10,000 ft).

03/30/2016

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