Ap Moller Maersk Group News

Naming ceremony: Photo credit Maersk Drillijng

Maersk Drilling Name Two New Ultra-Deepwater Drillships

and Marathon Oil, Maersk Drilling will then operate three rigs in the region, and we are well on our way to becoming a significant drilling contractor in that market since we entered the market in 2009,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.   Maersk Valiant and Maersk Venture

Maersk Reacher: Image courtesy of Maersk Drilling

BP Norway Extends Jack-up 'Maersk Reacher' Contract

a further strengthening of our relationship with BP. The contract extension adds USD 222m. to our revenue backlog providing a high revenue visibility and a solid basis for our ambitious growth strategy,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller - Maersk Group.

Maersk Guardian: Image courtesy of the owners

Jack-up 'Maersk Guardian' Secures New Contract

Oil Norge has chosen us for the Myrhauk exploration well. This is the first time, we enter into an agreement with Premier Oil in Norway, and we look forward to a hopefully long and valuable relationship,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller-Maersk Group. “Significant resources remain in Norway, and we see oil and gas companies increasing their business activity in the Norwegian market. There is a continued strong growth potential in the market and we will continue to evaluate the opportunities for additional growth,”

Maersk Viking: Photo credit Maersk Drilling

Maersk Drilling Name First Ultra-Deepwater Drillship

market. With the contract for Maersk Viking we look forward to continuing our relationship with ExxonMobil, and establishing ourselves as a significant drilling contractor in the US Gulf of Mexico,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group. Maersk Drilling has been active in the US Gulf of Mexico since 2009 with the ultra deepwater semi-submersible Maersk Developer. With Maersk Viking and the second newbuild drillship, Deepwater Advanced 2, to enter the US GoM, Maersk Drilling is becoming a significant drilling

Maersk Giant: Photo courtesy of Maersk Drilling

New Contract for Jack-up Rig 'Maersk Giant'

Energy Norge, which is a highly valued customer of Maersk Drilling. Norway remains a focus area for Maersk Drilling and the award confirms our strong position with the customers in the Norwegian market,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller-Maersk Group. In addition Maersk Drilling adds that they have three XL Enhanced (CJ-70) jack-ups under construction that will enter the Norwegian market in 2014 and 2015 thereby increasing Maersk Drilling’s presence in Norway. The three rigs have all secured long term contracts. The XL Enhanced

Maersk Drilling Logo

Jack-up 'Maersk Convincer' Malaysia Contract Extended

in Southeast Asia. We see this contract as a further strengthening of our relationship with Petronas and we hope it can pave the way for strengthening our position in the flourishing Malaysian market,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.  

Jack-up Rig 'Maersl Resolve': Photo credit Maersk Drilling

'Maersk Resolve' Jack-up Contracted by Dong Energy

two years. The estimated value of the new nine month contract is USD 58 million. "We are very pleased to enter this contract with DONG Energy, one of our key customers in the North Sea area," says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller - Maersk Group. "Maersk Resolve will now work for DONG Energy through to the end of third quarter of 2016 and we look forward to co-create value with DONG Energy on their many interesting prospects including the high profile Hejre field development which requires the drilling of a number

Maersk Drilling Fast Out of the Blocks in 2013

we are back on track, and we reiterate our expectation of a higher result in 2013 compared to 2012. Our long term target remains intact with an ambition of delivering a profit of USD 1 billion by 2018,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller - Maersk Group. By the end of the first quarter of 2013, Maersk Drilling’s forward contract coverage was 98 % for the remaining part of 2013. For 2014 the forward contract coverage is 79 %, 51 % for 2015, and 41 % for 2016. Maersk Drilling currently has seven rigs under construction,

Maersk Deliverer: Photo credit Maersk Offshore

Maersk Deepwater Rig's Incident Free Year

and leading by example.” Offshore West African countries such as Angola, are believed to have one of the largest ultra deepwater oil reserves in the world, and it is one of Maersk Drilling’s main areas of interest as it employs its growing fleet, aiming to deliver USD 1.0 billion to the A.P. Moller – Maersk Group’s profit by 2018.  

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