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2015 June 24   15:04

Statoil cancels rig contract with COSL Pioneer

Statoil has decided to cancel the contract with COSL Pioneer some 13 months before the expiry date of August 2016, the company said in its press release.

COSL Pioneer has been suspended since 8 October 2014 and Statoil has not managed to find alternative activity for the rig during the intervening period.

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