Maersk Drilling has received a conditional letter of award (“CLOA”) from
The duration of the final contract is around four years with expected commencement in Q2 2021. The estimated value of the final contract is approx.
The final contract has a progressive day rate structure for the full duration of the contract. However, after the initial period of 18 months, the contract has a provision to shift to a market-linked day rate structure.
The final contract is conditional upon certain regulatory conditions being met. Maersk Drilling will publish an announcement upon conclusion of a final contract.
“We’re delighted to get this opportunity to secure a long-term contract for Maersk Venturer, as Tullow once again shows confidence in Maersk Drilling’s ability to deliver stable and highly efficient operations to their major development projects in
Maersk Venturer is a high-specification 7th generation drillship delivered in 2014. It is currently warm-stacked in Las Palmas,
For further information, please contact:
Head of Investor Relations
+45 2328 5733
Michael.Harboe-Jorgensen@maerskdrilling.com
Head of Media Relations
+45 2790 3102
Kristoffer.Apollo@maerskdrilling.com
Attachment
- Company announcement - 001 - 04022021 - Conditional Letter of Award
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