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Maersk Drilling lands new contract for drilling vessel

Maersk Drilling has secured a contract from oil company Total for its drilling vessel Maersk Venturer. The contract covers an exploration drilling off the coast of Uruguay scheduled to last four months.

Photo: Maersk Drilling

Good news for Maersk Drilling, which is currently under severe pressure from declining markets. The company has won a contract for its drilling vessel Maersk Venturer from oil company Total for an exploration drilling off the coast of Uruguay, a project scheduled to last four months.

The contract is worth USD 44 million, informs Maersk Drilling.

"We have collaborated and partnered with Total many times over the years. Total is a highly valued customer of Maersk Drilling, and we are very pleased with being selected by Total to drill their first exploration well offshore Uruguay," says Maersk Drilling CEO Claus V. Hemmingsen.

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The work is expected to commence in March next year.

Maersk Venturer is the third in a series of four drilling vessels in Maersk Drilling's fleet. The four vessels represent a combined investment of USD 2.6 billion. The other three drilling vessels are all deployed on long-term contracts.

Read more about Maersk Drilling

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