Transocean, the world’s biggest offshore oil and gas drilling contractor, has said it will take action to try and recover costs on one of its rigs which was being used by Oilexco North Sea (ONS) in the UK North Sea.
In its latest fleet update, Transocean said it would pursue all appropriate remedies as may become necessary because its contract with ONS for the Sedco 712 semisubmersible remained in force. It said the Sedco 712 was demobilised by ONS on January 5, two days before the company filed for administration.
ONS had contracted the rig from March 2008 until March 2010, at a day rate of more than £300,000. Previously the rig had been contracted at £233,000 per day.