Maersk Drilling, Aker BP ink $1 billion drilling contract
Maersk Drilling extended a drilling agreement with Aker BP
ASA in a $1 billion five-year contract, securing a major revenue source.
The agreement grants Norwegian oil operator Aker BP the use
of two rigs, the companies jointly announced Saturday. The two Maersk rigs --
Maersk Integrator and Maersk Invincible -- will be used for activities offshore
Norway during the period.
“We are absolutely delighted to re-affirm our commitment to
Aker BP for another five years and to secure major scope additions during these
five years,” said Maersk Drilling CEO Jørn Madsen in a statement.
Denmark’s Maersk Drilling increased its profit guidance for
2021 based on “solid” rig performance and contract extensions in the latest
quarterly report. It will report annual results in February of next year.
Maersk reported revenue of about $1 billion in 2020 and
posted losses for four of the past five years.
Aker BP is a joint venture of BP Plc and Aker ASA.
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