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Shelf Drilling buys the Maersk Completer for $38 million

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.

Drilling Company of 1972 a strong competitor among mid-sized peers

The Drilling Company of 1972, the rebranded Maersk Drilling, is considered the ‘strongest competitor’ in the mid-size rig market, Wood MacKenzie reports. Maersk demerged its drilling business in February, aiming to change away from the energy sector and focus on transport and logistics. TDC 1972 is also leading the jack-up market, as it has more harsh environment jack-ups in their fleet than any other company.

Managing safety in jack-up operations

ABS has produced video which explains that the key to safety in jackup operations is risk management presenting some of the challenges facing the global jackup.

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