Inactive Instrument

The Drilling Company of 1972 A/S

DRLCO

DK0061135753

Drilling of 1972 A/S : Maersk Drilling receives notice of termination of one-well contract

January 15, 2021 at 01:14 am EST

Press release

North Sea
Denmark

15 January, 2021

Maersk Drilling receives notice of termination of one-well contract Maersk Drilling has received notice of early termination for convenience of a one-well contract with Dana Petroleum Denmark B.V.

The contract was first announced in Maersk Drilling's May 2020 Fleet Status Report. Maersk Drilling expects to receive compensation in the form of a termination fee. The contract had previously been deferred from the date of originally expected commencement.

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Maersk Drilling A/S published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 06:13:02 UTC

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Company Profile

Drilling Company of 1972 A/S is a Denmark-based drilling company and a global lessor and operator of high-tech offshore drilling rigs and vessels, which carry out drilling activities at sea at great water depths and under extreme weather conditions, for oil and gas companies worldwide. Drilling Company of 1972 A/S' fleet of drilling rigs and vessels comprises 19 jack-up platforms that stand on the seabed. They are capable of operating at depths down to approx. 150 meters. The Company's 20 floaters are divided into four semi-submersible rigs, which are floating platforms that can operate in water depths down to about 3,000 meters, while the 4 drillships can operate down to approx. 3,650 meters water depth. The Company's main activities are divided into two segments: North Sea and International. The Company has several subsidiaries, such as Maersk Drilling Services Singapore Pte Ltd and Maersk Drilling Brasil Servicos de Perfuracao Maritimos Ltda.

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