Statoil to suspend Scarabeo 5 drilling rig

Due to overcapacity in its rig portfolio, Statoil ASA said it has decided to suspend Saipem’s Scarabeo 5 dynamically position drilling rig after it completes a well in Kristin field in August. The suspension is scheduled until Mar. 1, 2016.

Scarabeo 5 also was suspended for the same reason in 2014 (OGJ Online, Dec. 5, 2014).

“We regret the need to suspend Scarabeo 5, but we will do our utmost to resume our drilling operations earlier than planned at the time of suspending the rig,” said Jon Arnt Jacobsen, senior vice-president.