Maersk Drilling receives notice of contract termination from Shell and Aker BP

Published by Nicholas Woodroof, Editor
Oilfield Technology, Monday, 20 April 2020 09:30

Maersk Drilling has received notice of early termination for two drilling contracts:

BG International Ltd., a subsidiary of Shell, has terminated the contract for the semi-submersible Mærsk Developer with immediate effect. The original end of contract was expected to be in August 2020;
Aker BP has terminated the contract for the jack-up rig Maersk Reacher, which was hired for accommodation services on the Valhall field, with effect from end-April 2020. The original end of contract was expected to be in October 2020.

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

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/20042020/maersk-drilling-receives-notice-of-contract-termination-from-shell-and-aker-bp/