Maersk Wins Rig Contract for Danish Drilling

Maersk Drilling reported Tuesday that it has been awarded a $58 million contract to make its Maersk Resolve (350' ILC) rig available to DONG Energy for drilling in the Danish North Sea.

Maersk said it expects the contract to begin in August in direct continuation of the rig's current contract in the UK. The new contract is expected to last nine months until June 2014, when the rig will begin another previously-arranged, five-well firm contract with DONG Energy after a scheduled yard stay.

"We are very pleased to enter this contract with DONG Energy, one of our key customers in the North Sea area," Maersk Drilling CEO Claus V. Hemmingsen commented in a company statement.

"Maersk Resolve will now work for DONG Energy throughout the third quarter of 2016 and we look forward to co-create value with DONG Energy on their many interesting prospects, including the high profile Hejre field development which requires the drilling of a number of deep and complicated High-Pressure-High-Temperature wells. With its high tech equipment the Maersk Resolve is ideally suited to meet these demands."

Maersk Resolve is the third in a series of four High Efficiency 350-foot jackup rigs in Maersk Drilling's fleet. Since its delivery in 2009 the rig has been employed in the Danish and UK North Sea.



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