Statoil has decided to cancel the contract with Maersk Gallant, the company said in its press release.
The Maersk rig has been on contract with Statoil for two years, since 21 August 2014, and since 9 October it has been sub-chartered to ConocoPhillips.
Between 14 February and 21 August 2016 the Maersk Gallant is on a new contract with Total, who will pay cancellation fee according to the former contract.