According to Perenco, the cancellation is due to the fact that the scope of Maersk Resolute’s previous contract was extended beyond the original schedule, causing delayed arrival for Perenco’s drilling campaign which was originally expected to commence in October 2019. The duration of the three-well contract with Perenco was estimated at 150 days.
The contract cancellation does not impact the guidance for 2019.
The Maersk Resolute is a high-efficiency, harsh-environment CJ50 jack-up which was delivered in 2008. Following the completion of its latest contract, the rig will be warm-stacked.