Maersk Drilling Gets $60 Million Harsh Environment Rig Order In Norway
April 23 2012 - 4:30AM
Dow Jones News
Danish industrial conglomerate A.P. Moller-Maersk A/S
(MAERSK-B.KO) said Monday its oil and gas drilling services arm
Maersk Drilling has received a $60 million contract from Centrica
Energi for its ultra harsh environment jack-up rigs for a drilling
project in the Norwegian North Sea.
The Maersk Giant rig will be commissioned for the drilling of
two to threee oil exploration wells within 170 to 210 days. Work is
scheduled to commence in the fourth quarter of 2013.
With the latest contract, the company's rig capacity in Norway
-- currently counting six rigs -- is now sold out until the second
quarter of 2014, the company said.
"The demand for ultra harsh environment rigs keeps growing while
rig supply remains tight," it said.
Maersk Drilling invested $1.2 billion in two new ultra harsh
environment rigs for the Norwegian market, which will be delivered
in 2014, and will also invest in life-time extending upgrades for
its existing fleet.
"These significant investments reflect our strong view on the
drilling activity in Norway. We see a continued strong growth
potential and will continue to evaluate the opportunites for
additional growth," said Maersk Drilling Chief Commercial Officer
Martin Fruergaard.
-By Flemming Emil Hansen, Dow Jones Newswires; +45 33 12 44 88;
flemming.hansen@dowjones.com
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