Det norske oljeselskap ASA Extends Rig Contract with AP Moeller Maersk A/S's Maersk Drilling

Friday, 7 Jun 2013 02:01am EDT 

AP Moeller Maersk A/S announced that Det norske oljeselskap ASA has, on behalf of the partners in the Ivar Aasen project, extended the contract with Maersk Drilling for lease of the drilling rig XL Enhanced 2. The contract has been extended from three to five years, and runs from 2014 to 2019. The rig will be utilized for drilling on the Ivar Aasen development in the North Sea. The value of the two-year contract extension is NOK 1.6 billion, and the total value of the contract with Maersk is in excess of NOK 4 billion. The rig is currently under construction in Singapore. 

Company Quote

120.0 +0.99%
10:59am EST