The contract for the Atwood Osprey (built 2011), which is fixed to Chevron Australia, has been reduced by one year, Atwood confirmed.
The rig parted several mooring lines and drifted about three nautical miles from its original position during Cyclone Olwyn off Australia last month.
“The duration of the force majeure event and resultant repairs necessitated by the damage incurred from the cyclone have triggered termination rights,” Atwood said in a statement.
“The
