Maersk Drilling Completes Sale of Jackup Mærsk Giant

Graphic for News Item: Maersk Drilling Completes Sale of Jackup Mærsk Giant

Maersk Drilling has completed the sale of jack-up rig Giant (formerly named Mærsk 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.

Hot Tip

Looking for your next job? Register and build a detailed profile on Oil and Gas People so recruiters can find you. Apply for jobs with one click, store all of your employment documents in one place and receive job alerts as soon as suitable positions go live.

“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 optimization in line with our strategic priority of maintaining a fleet of modern, high-quality assets,” said CFO Jesper Ridder Olsen of Maersk Drilling.

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

Source: www.worldoil.com

Leave a Reply

Your email address will not be published. Required fields are marked *