With the senior management team now in place and interest growing from potential customers, today the decommissioning joint venture reaches a new milestone with the launch of its new name.
A 50:50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will leverage the companies’ heritage of over 50 years of safe and efficient operations to provide decommissioning services to oil and gas operators.
A.P. Møller - Mærsk A/S [A.P. Moller - Maersk] and Egyptian General Petroleum Corporation [EGPC] has today signed an agreement whereby EGPC will acquire A.P. Moller - Maersk’s 50 percent shareholding in Egyptian Drilling Company [EDC] for USD 100m in an all-cash transaction.