Maersk Drilling to sell JU Giant

escveritas
Site Admin
Site Admin
Posts: 137
Joined: Sun Jan 13, 2019 3:17 pm

Maersk Drilling to sell JU Giant

Unread post by escveritas » Sat Jun 22, 2019 8:30 am

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.

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

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

Post Reply