Maersk Drilling officially announced that came in an agreement with Shelf Drilling in order to sell the Maersk Completer for $38 million in an all-cash transaction. Specifically, Shelf Drilling agreed to take over the rig as it is expected to be delivered in January 2020.
For the records, the jack-up rig Maersk Completer was delivered back in 2007 and from 2017 has been stacked in Singapore.
The sale is in line with our decision to concentrate our jack-up activities in the harsh environments in the North Sea, where we have our strengths and a better competitive position. With limited prospects for our reactivation of Maersk Completer, we believe a sale creates the highest value for Maersk Drilling and our shareholders.
…said Jesper Ridder Olsen, CFO of Maersk Drilling.
Moreover, Maersk Drilling noted that the sale results in a pre-tax accounting loss of USD 34 million as after the sale, its rig fleet will count 14 jack-up rigs in total, with 13 of which suited for operation in harsh environments and 8 floaters.
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Concluding several days ago, Maersk Drilling also shake its hands with Halliburton and Petrofac, in order to collaborate together on the exploration program under Maersk Drilling’s master alliance agreement with Seapulse, while announced its upgrade for Maersk Integrator drilling rig into low-emission hybrid one.
