Gulf Oil and Gas accountACCOUNT

Maersk Drilling Completes Sale of Jack-up Maersk Giant

Source: www.gulfoilandgas.com 6/21/2019, Location: Europe

Maersk Drilling has completed the sale of jack-up rig Giant (formerly named M?rsk Giant) to the LOTOS Petrobaltic Group. The new owners will use the rig for drilling solely in the Baltic Sea, for jobs involving the LOTOS Petrobaltic Group and other contracting parties.

After reviewing different options, we believe that a sale of Giant creates the highest shareholder value. The rig was built in 1986 and the sale is part of our fleet optimisation in line with our strategic priority of maintaining a fleet of modern, high-quality assets,' says CFO Jesper Ridder Olsen of Maersk Drilling.

Maersk Drilling will recognise a single-digit USD million pre-tax gain on the sale.

Rigs >>

Rigs News in United Kingdom >>

Qatar >>  8/15/2019 - Seadrill Limited (Seadrill) refers to the announcements made on May 1, 2019 in connection with the award of drilling contracts by Qatar Petroleum to ...
United Kingdom >>  8/14/2019 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce that the Borgland Dolphin semi-submersi...

Nigeria >>  8/5/2019 - Shelf Drilling, Ltd. has secured a six-month contract extension on the Shelf Drilling Resourceful jack-up rig in direct continuation of its current c...
United States >>  8/1/2019 - RigNet (RNET), the leading provider of ultra-secure, intelligent networking solutions, has signed two multi-year agreements with Transocean, one of th...

India >>  7/31/2019 - Shelf Drilling, Ltd. (SHLF) has received an award for a three-year contract for each of the C.E. Thornton and F.G. McClintock jack-up rigs with Oil an...
Australia >>  7/29/2019 - Cooper Energy (COE) announces the semi-submersible drilling rig Ocean Monarch, operated by Diamond Offshore, has commenced mobilisation from the Gipp...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 |

More News

Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.