Odfjell Drilling has confirmed that it is in the market to acquire an additional rig, with cancelled newbuild semi-submersible Stena MidMax in its sights.

A spokesman for the Oslo-listed rig contractor said it was “considering several opportunities including MidMax” in response to a request for comment from Upstream on market talk that it was involved in the transaction for the latter unit.

It follows the sale of the harsh-environment midwater rig announced by South Korean yard Samsung Heavy Industries earlier this year for $505 million to an undisclosed buyer identified only as a European shipowner.