Maersk Drilling sells rig for USD 38 million

Maersk Drilling sells a jack-up rig to Shelf Drilling, headquartered in Dubai. The rig is expected to be delivered to its new owner soon.

Photo: PR/Maersk Drilling

Rig company Maersk Drilling sells a jack-up rig for USD 38 million to a subsidiary of Oslo-listed, Dubai-based Shelf Drilling, the latter company announced Tuesday evening CET. Wednesday morning, Maersk Drilling issued a statement confirming the sale.

Jack-up drilling rig Maersk Completer was constructed in 2007 and is currently located in Singapore, where it has been stored since 2017. The sale entails a financial loss of USD 34 million, Maersk Drilling writes.

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