Maersk Drilling Gets US$51m Petronas Carigali Contract

Maersk Drilling, a unit of the A.P. Moller – Maersk Group, has secured a US$51 million contract from Petronas Carigali Bhd to provide a jack-up rig.

It said on Tuesday, Sept 13 that Maersk Drilling had signed a contract to provide Petronas Carigali with a 375 ft high pressure, high temperature jack-up rig Maersk Convincer for work offshore Malaysia.

“The firm contract duration is one year and the contract also includes two one-year options. The maximum contract value for the firm one-year period is approximately US$ 51 million including mobilisation fee,” it said.

Maersk said the contract was expected to start in the beginning of the fourth quarter 2011 following a two-year survey scheduled to be carried out upon completion of the rig’s present contract in Vietnam.

The chief executive officer of Maersk Drilling and member of the executive board of the A.P. Moller – Maersk Group, Claus V. Hemmingsen said:

“We see this contract as a good opportunity to demonstrate our skills within HPHT drilling and we hope it can pave the way for strengthening our position in the flourishing Malaysian market.”


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