Maersk Drilling USA, Inc. is laying off 122 offshore employees who work aboard the Maersk Valiant, an ultra deepwater rig located in the Gulf of Mexico. According to details sent to the Texas Workforce Commission, the affected employees report directly to Maersk Drilling USA’s office located in Houston.
The employees were notified of the layoffs July 28 and will remain employed for 60 days after receiving the notice. The layoffs are expected to be permanent.
The reason for the layoffs is because of an early termination agreement of the Valiant, signed by Maersk Drilling, ConocoPhillips and Marathon Oil Corporation, effective mid-September. The rig was on a joint contract with Marathon Oil and ConocoPhillips since June 2014 and was originally scheduled to end September 2017.
“With the termination of the Maersk Valiant, we are reminded of the extremely challenging conditions in the offshore oil and gas market,” Michael Reimer Mortensen, Maersk Drilling’s head of global sales, said in a July 28 press statement.
Maersk Drilling will be financially neutral to the original contract under the early termination agreement.
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