MAERSK Line Wins Rig Contract for $58 million

By Curious

Maersk Drilling stated on Tuesday that it has won a 58 million dollars contract to make its Maersk Resolve (350' ILC) offshore oil rig available to DONG Energy for drilling in the North Sea in Denmark.

Spokesman of Maersk Line told they expect the contract to start in August in direct continuation of the oil rig's current contract in the United Kingdom. The new Maersk Resolve contract is being expected to last 9 months until June 2014, when the oil rig is going to start another previously-arranged, 5-well firm contract with DONG Energy after a scheduled yard stay.

"We're really pleased to enter this long-waited contract with the company of DONG Energy, one of our key clients in the North Sea region," Claus V. Hemmingsen, Maersk Drilling CEO commented in a company statement.

"Maersk Resolve contract is now going to work for DONG Energy throughout the 3rd quarter of 2016 and we look forward to co-create value with the company of DONG Energy on their many interesting prospects, including the high profile Hejre field development that requires the offshore drilling of a number of deep and complicated High-Pressure-High-Temperature wells. With its high tech equipment the Maersk Resolve is perfectly located to meet these demands."

Maersk Resolve is the 3rd in a series of totally 4 High Efficiency 350-ft jack-up offshore oil rigs in the fleet of Maersk Drilling. Since its delivery in 2009 the offshore rig has been employed in the Danish and United Kingdom North Sea.