Seadrill has seen the charter of a semi-submersible drilling rig to Norwegian oil major Statoil, cut short ahead of schedule.

It confirmed Monday that it had received a notice of termination from the current operator related to the contract for the West Hercules (built 2008).

It said it will receive a lump sum payment of about $61m, plus dayrate and reimbursement of costs associated with demobilization of the rig.

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