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.