Seadrill subsidiary Archer has been hit by the cancellation of a contract with Talisman Sinopec Energy UK for its modular platform rig Archer Emerald. The two-year rig deal, due to start in 1Q2016, would have been worth around $96m. Archer is entitled to receive an early termination fee of $34-43m.
via Upstreamonline
Offshore Bulletin 