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OFS - Maersk acquires one contract, loses another and sells jackup - January 2020

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Maersk Drilling received a three-well contract for a semisubmersible from BP. However, another client canceled a threewell jackup contract. BP awarded the threewell contract for the semisub Maersk Discoverer for development drilling at the Matapal project off Trinidad and Tobago. The contract should start in July and is expected to last for 322 days. The firm contract is valued at $78 million, including a mobilization fee. The contract contains an additional one-well option. The......
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