VALARIS DS-9
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Ensco drillship contract cancelled by ConocoPhillips
Offshore driller Ensco has announced that ConocoPhillips has provided notice of termination for a three-year drillship contract. The 2014-built ENSCO DS-9 had been scheduled to commence the drilling contract for ConocoPhillips in the fourth quarter of this year. ConocoPhillips is now obligated to pay termination fees monthly for two years at a day rate of around $550,000. The fees may be partially defrayed should Ensco re-contract the rig within the two years. ConocoPhillips is also obligated to reimburse costs that Ensco has incurred due to the termination. http://splash247.com/ensco-drillship-contract-cancelled-by-conocophillips/
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