Maersk Drilling Completes Sale Of Jack-Up Mærsk Giant

Image Source: maerskdrilling.com

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.

Mr Jesper Ridder Olsen CFO of Maersk Drilling said that “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.”

Source : Strategic Research Institute, SteelGuru