Songa Offshore said its contract with Statoil for the Songa Trym in the North Sea will be suspended from next month.
The company said the rig will be put on a suspension rate of $238,000 per day after completing the Tarvos well.
Work with the Norwegian player is expected to resume next year.
Songa said it will minimise the overall financial impact through the warm-stacking period with reduced manning and reduced activity level during the suspension period.
In a fleet update, the firm said the Songa Equinox rig is currently en-route from Korea to Norway and is now in Las Palmas where it is making a crew change, fueling and collecting Statoil’s remaining third party equipment.
The company also took delivery on the Songa Endurance in August and the rig is en route from Korea to Norway and is currently transiting between Mauritius and Walvis Bay, Namibia.