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Ocean Rig determined to collect 'termination fee' from Falklands' Premier Oil

Tuesday, February 16th 2016 - 08:42 UTC
Full article 15 comments

Ocean Rig UDW Inc. has officially announced that two of its drilling contracts have been terminated, one of them in the Falkland Islands where its “Eirik Raude” was working for Premier Oil as the main operator. Ocean Rig is demanding a termination fee of several million dollars and in case Premier Oil contests the payment, “we intend to commence arbitration proceedings”. Read full article

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  • golfcronie

    My understanding was that the rig was “ not fit for purpose ” or in other words they had lots of mechanical issues. “ For convenience ” sounds grand but I think far from the truth.

    Feb 16th, 2016 - 09:02 am - Link - Report abuse 0
  • lsolde

    These things happen.

    Feb 16th, 2016 - 10:41 am - Link - Report abuse 0
  • Think

    These things happen..... all the time for the Brutish Pirate Oil Adventure in Malvinas...

    Feb 16th, 2016 - 10:49 am - Link - Report abuse 0
  • Captainsilver

    I'm giving you the Black Spot Think. Always so negative, you should be nicer to your neighbours and learn to live in peace and harmony. Your sad existence would thus be improved.

    Feb 16th, 2016 - 11:24 am - Link - Report abuse 0
  • Islander1

    Think- I think if you look up you will find Premier and Noble cancelled the contract for Safety and other Maintenance Issues - would have thought you would have been in favour of Falklands maintaining high safety standards?

    Who knows - with 4 wells at least to drill they might even next year contract a smaller one more suited to the location and far far cheaper than the big one that was hired at peak oil prices and thus peak hire rates!

    Feb 16th, 2016 - 06:31 pm - Link - Report abuse 0
  • hughbrain

    Of course all this thing was ging to end in this disaster. Not a surprise, eh??
    Now, WHO is going to pay for all this sh!te?
    Yes you are right.
    The honest, impoverished, declassed british taxpayer.
    And then you ask why they hate you lot.
    Lol

    Feb 17th, 2016 - 01:28 am - Link - Report abuse 0
  • Marcos Alejandro

    No worries, a handful of English in Malvinas will continue with their lavish lifestyles meanwhile the poor British taxpayer in Britain will pick the bill as usual.
    Stealing is bad karma.

    Feb 17th, 2016 - 03:20 am - Link - Report abuse 0
  • golfcronie

    @6
    You should know, It takes one to know one. Anyhow, how many times do you have to be told before it finally sinks in ( just like your navy ) that the ONLY expense that the UK taxpayer pays is for the defense of the FALKLANDS.And that is minimal and no-one but no-one ( except Jeremy Corbyn ) minds paying such a paltry sum.

    Feb 17th, 2016 - 09:00 am - Link - Report abuse 0
  • lsolde

    Yes Marcos, the poor British Taxpayer.
    Crocodile tears.
    The British could save a small amount(only small)if all military were removed from the Falklands.
    But they can't do that because of a noisy, belligerent, threatening, obnoxious country just to the west of these lslands.
    You know what country that is, Marcos?
    Yes, thats right, its Argentina.

    Feb 17th, 2016 - 09:01 am - Link - Report abuse 0
  • hughbrain

    My dear, adorable, sweet and gorgeous isolda.
    YOU have to accept it. YOU are a burden for the impoverished british taxpayer.
    And dont make cheap excuses.
    Those islets are unviable without wonderful Arshentina

    Feb 17th, 2016 - 01:15 pm - Link - Report abuse 0
  • lsolde

    Nope, we get along quite well without Argentina.
    Anything that Argentina has that we need, we can get from other countries.
    Yes l agree with your description of me except that l'm not sweet. lol!
    l can be a bitch when l want to be.

    Feb 17th, 2016 - 09:00 pm - Link - Report abuse 0
  • hughbrain

    Nope. You are sweet.
    And nope. You can't get anything from other countries because its too expensive.
    Remember YOU live in an isolated islet
    Your only connection with the real world is AR-SHEN-TI-NA.
    Capisce?

    Feb 18th, 2016 - 02:32 am - Link - Report abuse 0
  • Skip

    Yeah I'd say you need to get slightly more educated. After all what's the use of a huge brain when you clearly can't use it.

    Feb 18th, 2016 - 04:48 am - Link - Report abuse 0
  • lsolde

    @hughbrain,
    Well thats awfully nice of you say that, but Mr l might disagree with you. lol!
    We can get most things without Argentina.
    lt would have been nice to have a normal neighbourly relationship with them/you? but at present l'm afraid that is not possible.
    l was in China just over a year ago & brought home bulging suitcases of kid's clothes. Plus l make clothes.
    Thats just one instance.

    Feb 18th, 2016 - 09:33 am - Link - Report abuse 0
  • hughbrain

    “...brought home bulging suitcases of kids clothes
    Plus I make clothes”

    And then you say you are not sweet?
    Mon dieu isolda

    Feb 18th, 2016 - 01:20 pm - Link - Report abuse 0

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