Stena Clyde Australia PTY LTD has decided to remove the Stena Clyde rig from active service and retire it from the Stena Drilling Fleet.
Stena Clyde has been warm stacked in Australia for the past three years and is presently located in Singapore. In the announcement last week, Stena Clyde Australia said that although there has been some recent interest in operating the rig in the region, these opportunities have not materialised to the extent necessary to continue supporting the rig.
Stena Clyde Australia said that since 1996, when the rig first entered the Stena Drilling fleet, it delivered high-performance operations, starting in the North Sea before making its way to Asia and Australia.
Stena Clyde Australia signed a contract in February with Timor Sea Oil & Gas Australia for the Stena Clyde drilling rig for a campaign that was supposed to start around April or May this year.
The Stena Clyde has an SBOP capability for a water depth of 5,000 ft and is a semi-submersible, twin pontoon, column stabilised drilling unit. The vessel has been modified with an additional six stability columns to provide adequate operating deck load for operations in 1,640ft water depths.
More information on this announcement can be found here.