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Maersk Drilling contracts terminated by Shell and Aker BP

Photo of Grant Rowles Grant RowlesApril 20, 2020
38 Less than a minute

Maersk Drilling has received notice of contract termination for two rigs, semi-submersible Maersk Developer and jackup Maersk Reacher.

BG International, a subsidiary of Shell, terminated the contract for 2009-built semi-submersible Maersk Developer with immediate effect. The contract was originally schedule to end in August 2020.

Meanwhile, Aker BP has terminated the contract for 2009-built jackup rig Maersk Reacher, which was hired for accommodation services on the Valhall field. The contract was scheduled to run from end-April 2020 through to October.

Maersk Drilling expects to receive compensation for both contracts in the form of early termination fees.

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Photo of Grant Rowles Grant RowlesApril 20, 2020
38 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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