Don CancellationWed, October 26, 2016 - 10:18:11
On the 20th of October 2016, Stena Drilling received notice of early cancellation for the drilling unit “Stena Don” from the Norwegian energy company Statoil. The original contract was scheduled to expire in the beginning of February 2017. A cancellation fee will be paid by Statoil. The outcome of this early cancellation will have neutral effect on EBITDA.
Contractual Update as of January 13 2016Wed, January 13, 2016 - 4:24:03
Stena Carron Drilling Limited (UK Company) has been awarded a drilling contract by Esso Exploration and Production Guyana Limited (Guyana Company) for Stena Carron. The contract is for a period of one year at $235 000/day plus 1 priced six month option with further options to be agreed at market rate. The unit has started mobilization to location and plan commencement end of January 2016.
Simultaneous with the Esso contract for Stena Carron the day rate for Stena Forth has been amended to $498 000 from $563 000 during the length of above described contract.
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