Another Drilling Rig Terminated

Published at 09:32AM - 30/03/16

Another offshore drilling rig terminated, as Maersk Drilling becomes the latest to receive notice of an early end to an offshore drilling contract.

The Maersk Deliverer, an ultra deepwater semisubmersible, was on contract to Chevron via its fully owned affiliate for Angola- Cabinda Gulf Oil Company Limited (CABGOC).

The long-term contract started in May 2012 and was scheduled to run through to December 2016.

Drilling Rig Terminations Continue

Under the terms of the contract, Maersk Drilling will receive full compensation for the early termination, so will prove cost neutral to the firm.

“With regret we take note of the contract termination, and it is a reminder of the very challenging conditions in the offshore rig market with oil companies restraining activities and capital spending in response to the lower oil price environment.” said Michael Reimer Mortensen, Maersk Drilling head of sales.

“We expect to base the rig in West Africa, and will continue to explore opportunities with our customers in primarily West and East Africa, which remain strategic markets for us,”

Maersk Deliverer Rig

The Maersk Deliverer, is an ultra deepwater semisubmersible drilling rig, delivered in 2009 by Keppel Offshore & Marine’s Pioneer Yard in Singapore.

The Deliverer has the design capability to operate in a maximum water depth of 10,000 feet (3,000m), and drill to a maximum depth of 40,000 feet (12,192m).