Maersk Completer, which was delivered in 2007, has been stacked in Singapore since 2017.
“The sale is in line with our decision to concentrate our jack-up activities in the harsh environments in the North Sea, where we have our strengths and a better competitive position. With limited prospects for our reactivation of Maersk Completer we believe a sale creates the highest value for Maersk Drilling and our shareholders,” says Jesper Ridder Olsen, CFO of Maersk Drilling.
The sale results in a pre-tax accounting loss of USD 34m.
After the sale, Maersk Drilling’s rig fleet counts 14 jack-up rigs, of which 13 are suited for operation in harsh environments, and eight floaters.