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Maersk Drilling signs new $284 million contract

Maersk Drilling has signed a two-year contract with Statoil for the jack-up Maersk Gallant. The value of the contract is $284 million, writes Maersk Drilling in a press release.

Photo: Maersk Drilling

284 million USD or about 1.7 bilion Danish kroner is the value of a new contract for Maersk Drilling, which was signed with Statoil. The contract duration is two years and involves the ultra harsh environment jack-up rig Maersk Gallant. The contract also includes an option for an additional year.

 “This contract improves our forward contract coverage even further providing us with high earnings visibility. This forms a solid basis for further growth thus supporting our objective of becoming a significant and stable contributor to the APMM Group profit,” says Claus V. Hemmingsen, CEO of Maersk Drilling and board member of the A.P. Moeller Maersk Group.

Maersk behind new and rare oil venture in the North Sea

Maersk Drilling in advanced negotiations with oil companies 

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