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Maersk Drilling's news

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Maersk Valiant contract cancelled
Maersk Valiant contract cancelled

An early termination agreement for the deepwater unit Maersk Valiant has been signed by Maersk Drilling and ConocoPhillips and Marathon Oil with effect from mid-September 2016. Maersk Valiant has been on a joint contract with Marathon Oil Corporation and ConocoPhillips since June 2014. The original contract was scheduled to end September 2017. The compensation under the early termination agreement leaves Maersk Drilling financially neutral to the original contract.