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Beach Energy and Diamond Offshore go to battle over rig termination

Australia’s Beach Energy, operator of the Victorian Otway Basin Joint Venture, says that it will defend claims brought against it by Diamond Offshore Drilling over the termination of 2013-built semi-submersible rig Ocean Onyx.

Beach Energy terminated the contract earlier this month, stating that the arrival date of the rig was later than had been agreed and specified in the rig contract. Beach Energy did not accept the rig, and exercised its right to terminate the agreement.

Diamond, which filed for chapter 11 on Sunday, has filed a complaint in the Bankruptcy Court seeking a determination that the termination by Beach is invalid and that the drilling contract remains in effect.

Diamond is seeking damages, however Beach denies the claim and said it will defend any claim brought against it over the termination.

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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