Awilco Drilling cancelled a semi-submersible rig order with rig builder Keppel due to breaches under the construction contract.
Awilco said that the termination is a result of breaches under the rig construction contract.
In its 1Q 2020 report in May, Awilco said there had been slow progress on Nordic Winter in Singapore the previous month due to governmental Covid-19 restriction while progress on the second rig that Keppel is building for Awilco, the Nordic Spring, had continued as per schedule.
Nordic Winter is one of the two semi-submersible drilling rigs of Moss Maritime CS60 Eco MW design ordered by Awilco Drilling subsidiaries from KFELS.
The first rig was ordered in March 2018 and the second one in March 2019.
The delivery dates for the two rigs were set for 1Q 2021 and 2022.
Keppel announced that it has rejected the termination.