Rosneft cancels jackup contract in Russian Arctic

North Atlantic Drilling Co. has received a cancellation notice for from Rosneft for use of Northern Offshore’s jackup Energy Endeavor.

Offshore staff

HOUSTON – North Atlantic Drilling Co. has received a cancellation notice for from Rosneft for use of Northern Offshore’s jackup Energy Endeavor.

The rig had been contracted as part of a multi-rig program to provide drilling services in the Russian Arctic starting in the 2015 summer drilling season.

Northern Offshore president and CEO Gary Casswell said: “While not unexpected, we are disappointed by this development but will nevertheless continue to pursue future opportunities in this region by leveraging our previous experience drilling in theRussian Arctic.”

03/25/2015

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