Maersk's new decommissioning venture now has a name

The new offshore venture established between Maersk Supply Service and Maersk Drilling now has its senior management team in place as well as a name. The new partnership will partake in an expected billion dollar market to decommission rigs.

Photo: Maersk Drilling

Maersk Supply Service and Maersk Drilling now has a name as well as a senior management team in place for their joint venture to decommission end-of-life drilling rigs.

The new company will be named Maersk Decom, and according to a press release, there has so far been growing interest from potential customers in areas including the North Sea, where more than 400 fields are expected to cease production ahead of 2026.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs