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DONG terminates Maersk Drilling contract

Maersk Drilling has announced that its jackup drilling platform Maersk Resolve has finalised the planned work scope for DONG Energy at the Hejre field in the Danish sector of the North Sea, and Maersk Drilling has therefore received a letter of early termination.

The original contract was scheduled to end in January 2017. The company said the compensation under the early termination agreement has made Maersk Drilling financially neutral to the original contract.

“We are all acutely aware of the difficult market situation we are facing in the offshore drilling industry, however, it is gratifying to see a rig like the Maersk Resolve and her crew outperform expectations and complete her work scope several months ahead of schedule for the complex HPHT development at Hejre,” said Maersk Drilling’s head of global sales, Michael Reimer Mortensen, adding that the company aims to secure a new contract for the rig as soon as possible.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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