Maersk Drilling lands USD 142 million contract

Maersk Drilling's rig Maersk Guardian has secured a contract with Maersk Oil for an estimated USD 142 million.

BY RITZAU FINANS

A.P. Moeller-Maersk's drilling unit Maersk Drilling has signed a contract with sister company Maersk Oil for the rig Maersk Guardian, which will be deployed in various places in the Danish part of the North Sea, informs Maersk Drilling in a statement on Monday.

The contract is for five years, starting in September 2016, and comes with two extension options of one year each.

The deal has an estimated value of USD 142 million.

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