 |
 |
 |
|
|
 |
 |
|
 |
2010-11 Membership Guide
|
Membership News
|
The State of American Business 2010
|
|
|
|
|
|
|
|
|
Please visit our Nordic sister organizations:
|
|
|
|
|
|
|
|
|
|
News
|
|
| |
|
| Statoil Declares Force Majeure on GoM Rig Job |
Danish shipping and oil group A.P. Moller-Maersk said on Wednesday that Statoil had declared force majeure on a contract on a Maersk oil rig in the Gulf of Mexico.
The Maersk Developer rig has been working for Statoil at the Tucker prospect in the Walker Ridge area in the Gulf. But an order by the United States last month halting 33 exploration rigs in the Gulf in response to the BP oil spill suspended that project and another Statoil exploration project in the Gulf.
''We can confirm that we have received notice of force majeure from Statoil,'' Maersk Drilling senior executive Martin Fruergaard said. ''We are evaluating our options and remain in close and constructive dialogue with Statoil about the employment of the rig,'' Fruergaard said, adding that details of the contract, including the force majeure terms, remained confidential.
Nordea senior analyst Finn Bjaerke Petersen said in a note to clients the force majeure would cost Maersk Drilling 100 million crowns ($17 million) this year, up to 200 million in 2011 and 2012, and 155 million in 2013. Petersen said the rig was likely to move to West Africa or Brazil and be sublet to others. ''If the unit continues to drill for sublet contracts or drills Statoil wells outside the U.S. Gulf, Maersk will of course earn the actual day rate -- $450,000 per day,'' Petersen said. ''We estimate the maximum loss at 655 million crowns over three years.''
|
Date posted: 22nd of June 2010
Source: Reuters
News Category: Energy
|
| Back |
|
© 2010 American Chamber of Commerce in Norway. All rights reserved.
|
|
|
|
|
|
|
|
|
|
American Chamber Patron Member
|
|
|
|
|
|
|
|
|
|
|
