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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.

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