Maersk Drilling has sold the jackup rig Maersk Guardian (now named Guardian) to New Fortress Energy, and the parties have further entered into an agreement about the sale of the jackup rig Mærsk Gallant with anticipated closing in June 2021, the company said on May 17. The total sales price for the two rigs is $31 million in all-cash transactions.
The new owner will use the rigs for non-drilling purposes as part of their planned Fast LNG project.
RELATED: New Fortress Energy to Supply Natural Gas to CFE Power Plants in Mexico
“These transactions will contribute to the necessary rationalization of the global drilling rig fleet and they are further in line with Maersk Drilling’s strategic priority of maintaining a fleet of modern, high-quality assets. We’re also pleased that the rigs will be re-purposed and deployed by New Fortress Energy for a project which focuses on providing low-carbon affordable energy,” Jørn Madsen, CEO of Maersk Drilling, said.
Guardian is an ultra-harsh environment jackup rig which has previously been converted into an accommodation unit. It was delivered in 1986 and has been warm-stacked in Esbjerg, Denmark after ending its latest contract offshore Denmark in 2020.
Mærsk Gallant is an ultra-harsh environment jackup rig that was delivered in 1993. It is currently cold-stacked in Dundee, U.K. after ending its latest contract offshore the U.K. in 2017.
After both transactions are closed, Maersk Drilling’s fleet will count 12 jackup rigs, of which 11 are suited for operations in harsh environments, and eight floaters.
The transactions do not change Maersk Drilling’s financial guidance for 2021.
Recommended Reading
Chevron Gets Approval for Farm-in Offshore Uruguay
2024-09-26 - Chevron Corp. received approval for farm-in at the AREA OFF-1 block offshore Uruguay and along with partner CEG Uruguay SA eyes the acquisition of 3D seismic over the remainder of 2024.
IOCs See Opportunity in Offshore Mexico, Despite Potential for Policy Changes
2024-08-14 - Five IOCs with offshore experience and capital—Eni, Harbour, Talos, Wintershall Dea and Woodside—continue to pursue promising opportunities offshore Mexico despite the country’s energy sovereignty push in favor of state-owned entities Pemex and CFE.
OPEC Gets Updated Plans From Iraq, Kazakhstan on Overproduction Compensation
2024-08-22 - OPEC and other producers including Russia, known as OPEC+, have implemented a series of output cuts since late 2022 to support the market.
E&P Highlights: Aug. 26, 2024
2024-08-26 - Here’s a roundup of the latest E&P headlines, with Ovintiv considering selling its Uinta assets and drilling operations beginning at the Anchois project offshore Morocco.
E&P Highlights: Sep. 2, 2024
2024-09-03 - Here's a roundup of the latest E&P headlines, with Valeura increasing production at their Nong Yao C development and Oceaneering securing several contracts in the U.K. North Sea.