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Search term • Offshore-Rig-Overcapacity:-Statoil-to-Suspend

Owing to overcapacity in its rig portfolio, Statoil says it will suspend its contract with Saipem for the rig Scarabeo5 from the autumn of 2014, provisionally for the remainder of the year.

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Offshore Rig Overcapacity: Statoil to Suspend Saipem Contract

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