Maersk Drilling Acquires Newbuild Jackup from Hercules Offshore for $190M

Maersk Drilling reported Friday that the company has acquired a newbuild harsh environment jackup, formerly named Hercules Highlander (400' ILC), from a subsidiary of Hercules Offshore, with the rig immediately delivered from Jurong Shipyard Pte Ltd. in Singapore. 

Under the transaction, Maersk Drilling will pay the final payment of approximately $190 million to Jurong Shipyard. Upon delivery, Hercules Highlander will mobilize to the North Sea to commence a five-year drilling contract, worth $420 million and including a mobilization fee of $9 million, with Maersk Oil and its partners, BP plc and JX Nippon Oil & Energy Corp., on the Culzean gas field offshore UK.

“This agreement represents an opportunity for Maersk Drilling to acquire a newbuild harsh environment jackup backed by a firm long-term contract. We look forward to working with Maersk Oil and its partners on the Culzean gas field,” Maersk Drilling CEO and member of the Executive Board in the Maersk Group Claus V. Hemmingsen said in the press release.

The Friede & Goldman JU2000E jackup, equipped to drill up to 30,000 feet and with HPHT (High Pressure High Temperature) capabilities, can accommodate up to 150 personnel. 

The jackup will be renamed Maersk Highlander and became the company's 23rd rig after the acquisition. Maersk Drilling has an additional harsh environment jackup under construction.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Polarcus Bags Broadband 3D Marine Seis... (Sep 23)
 -  PETRONAS Signs Contract with Schlumber... (Sep 23)
 -  Valmec Clinches Supply, Construction C... (Sep 23)
 -  Tullow Oil Confirms Turret Bearing Cov... (Sep 23)
 -  Sound Renegotiates Sidi Moktar Acquisi... (Sep 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Floorhand
Expertise: Floorhand / Roughneck
Location: Midland, TX
 
Motorhand
Expertise: Motorman
Location: Midland, TX
 
Derrickhand
Expertise: Derrickman
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $45.89/BBL 3.69%
Light Crude Oil : $44.48/BBL 3.97%
Natural Gas : $2.96/MMBtu 1.00%
Updated in last 24 hours