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Shell terminates contract for infamous drillship

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Grant Rowles: DECEMBER 18, 2015

Noble Corporation has announced that Shell has terminated the contract for the drillship Noble Discoverer.

In its latest fleet status report, Noble said that “Shell has terminated the rig’s contract for convenience” and has agreed to pay the remaining term at approximately 90 percent of the operating dayrate “adjusted for certain other items.”

Shell committed to a three-year deal in late February 2014 at $368,000 per day for the drillship to be used for its failed Arctic drilling campaign…

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