Maersk Drilling completes sale of jack-up Mærsk Giant

Maersk Drilling completes sale of jack-up Mærsk Giant
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Maersk Drilling has completed the sale of jack-up rig Giant (formerly named Mærsk Giant) to the LOTOS Petrobaltic Group. The new owners will use the rig for drilling solely in the Baltic Sea, for jobs involving the LOTOS Petrobaltic Group and other contracting parties.
“After reviewing different options, we believe that a sale of Giant creates the highest shareholder value. The rig was built in 1986 and the sale is part of our fleet optimisation in line with our strategic priority of maintaining a fleet of modern, high-quality assets,” says CFO Jesper Ridder Olsen of Maersk Drilling.

Maersk Drilling will recognise a single-digit USD million pre-tax gain on the sale.

Maersk Drilling owns and operates a fleet of 23 offshore rigs specialising in harsh environment and deepwater drilling operations. With more than 45 years of experience operating in the most challenging environments Maersk Drilling provides safe, efficient, and reliable drilling services to oil and gas companies around the world. Headquartered in Denmark, Maersk Drilling employs 2,850 people.

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