Energy Voice | Statoil sentenced to pay £91 million over COSL Innovator rig accident

Norwegian oil giant Statoil has been sentenced by an Oslo court to pay £91 million over the COSL Innovator rig wave accident back in 2015.

COSL began the court action over missing rent following the fatal death of Aker Solutions worker Rune Morten Narvag over three years ago.

Today COSL won its case in Oslo district court that the contract was unlawfully terminated by Statoil.

The Norwegian oil firm, due to operate as Equinor as of tomorrow, has been ordered to pay full rent for the first three months after termination and 70% for the remaining contract period.

Statoil has not announced whether it will appeal.

In December 2015 an offshore worker was killed after a freak wave hit the side of the COSL Innovator rig.

The rig had been hired by Norwegian operator Statoil to work on the Troll field.

53-year old Rune Morten Narvag was killed in the tragedy.

Since the incident, investigations have taken place with all the companies involved.

The Norwegian Petroleum Safety Authority revealed in 2016 that “more lives could have been lost” in its final report into the incident.

COSL told Norwegian press today that they are prevented from commenting “due to stock exchange rules”.

Statoil and Aker Solutions have been contacted for comment.

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