Drilling contractor Seadrill is “reviewing its legal options” in a dispute with Mexican state-owned company Pemex over a rig contract cancellation.
Seadrill said it had reduced dayrate payments for five of its jack-up rigs on the proviso Pemex would extend its deal for the West Pegasus semi-submersible rig by two years.
The contract extension was finalised in the first quarter of 2016, Seadrill said, but Pemex has since notified the company of its intention to terminate the agreement.
Seadrill has disputed the grounds for termination and is reviewing its legal options, a spokesman for the company said in a statement.
London-headquartered Seadrill said it was entitled to recover the dayrate discounts and the costs of demobilising the rig.
Recommended for you
