Maersk Drilling orders two drillships
News Release
A.P. Moller - Maersk Group
April 8, 2011
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<P>Maersk Drilling has signed a contract with Samsung Heavy Industries in South
Korea for the construction of two ultra deepwater drillships. The drillships are
scheduled for delivery in the third and fourth quarters of 2013, respectively.
The total project cost for the two drillships is close to USD 1.3 billion. This
includes a turnkey contract with the yard, owner furnished equipment, project
management, commissioning, start-up costs and capitalized interest. The contract
includes an option for the construction of two additional drillships.<BR><BR>“We
see an increasing share of the global oil and gas production coming from
deepwater, and this trend will drive a solid growth in the demand for ultra
deepwater drilling services in areas such as Brazil, West Africa and the Gulf of
Mexico,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the
Executive Board of the A.P. Moller – Maersk Group.<BR><BR>“This will be the
first drillships in Maersk Drilling's ultra deepwater fleet. They will
complement our existing three deepwater semi-submersibles and they will add a
new important aspect in our offering to our customers in the ultra deepwater
market," Claus V. Hemmingsen continues.<BR><BR>The 228 meter long drill ships
will be able to operate at water depths up to 12,000 ft (3,650 m) and will be
capable of drilling wells of more than 40,000 ft (12,200 m). With its advanced
positioning control system (Dynamic Positioning System) the ships will
automatically maintain a fixed position in severe weather conditions with waves
up to 11 meters and wind speeds up to 26 meters per second.<BR><BR>Similar to
the design philosophy on Maersk Drilling’s ultra deepwater semi-submersibles the
drillship design includes features for high efficiency operation including a
dual derrick, which allows for parallel and offline activities. The extensive
storage areas and tank capacities provide an advantage when operating in areas
with less developed infrastructure and limited presence of suppliers. Together
with the higher transit speed the increased capacity will reduce the overall
logistics costs for the oil companies. The drillships will have accommodation
capacity for 230 people.<BR><BR>“This order follows our recent order for two
highly advanced ultra harsh environment jack-up rigs placed in February and
implements our strategy of growing our business within the most attractive
market segments; ultra deepwater floaters and high specification jack-up rigs,”
Claus V. Hemmingsen concludes.<BR><BR>Invitation to press briefing: At 11 to 12
o’clock today, Wednesday 6 April, Maersk Drilling CEO, Claus V. Hemmingsen will
be available at an informal press briefing at A.P. Moller – Maersk’s
headquarters at Esplanaden, Copenhagen. He will brief about Maersk Drilling’s
strategy and the new orders. Afterwards he will be available for questions.
Frederik Smidth, Chief Technical Officer in Maersk Drilling and Michael
Harboe-Jørgensen, Head of Strategy and Communication in Maersk Drilling will
also be available to the press.<BR><BR>Please direct questions about the press
briefing to Birgitte Gam, T: +45 3363 3180. <BR><BR>Maersk Drilling provides
high-efficiency drilling services to oil companies around the world. In addition
to the two drillships and two jack-up rigs just ordered, the modern fleet counts
26 drilling rigs including deepwater semi-submersibles, high-end jack-up rigs
and cantilevered drilling barges. Maersk Drilling was established in 1972 and
employs an international staff of 3,200 people. <BR><BR>Maersk Drilling’s fleet
already include three ultra deepwater semi-submersibles working in Australia,
West Africa and the Gulf of Mexico.</P></DIV></BODY></HTML>
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<P>Maersk Drilling has signed a contract with Samsung Heavy Industries in South
Korea for the construction of two ultra deepwater drillships. The drillships are
scheduled for delivery in the third and fourth quarters of 2013, respectively.
The total project cost for the two drillships is close to USD 1.3 billion. This
includes a turnkey contract with the yard, owner furnished equipment, project
management, commissioning, start-up costs and capitalized interest. The contract
includes an option for the construction of two additional drillships.<BR><BR>“We
see an increasing share of the global oil and gas production coming from
deepwater, and this trend will drive a solid growth in the demand for ultra
deepwater drilling services in areas such as Brazil, West Africa and the Gulf of
Mexico,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the
Executive Board of the A.P. Moller – Maersk Group.<BR><BR>“This will be the
first drillships in Maersk Drilling's ultra deepwater fleet. They will
complement our existing three deepwater semi-submersibles and they will add a
new important aspect in our offering to our customers in the ultra deepwater
market," Claus V. Hemmingsen continues.<BR><BR>The 228 meter long drill ships
will be able to operate at water depths up to 12,000 ft (3,650 m) and will be
capable of drilling wells of more than 40,000 ft (12,200 m). With its advanced
positioning control system (Dynamic Positioning System) the ships will
automatically maintain a fixed position in severe weather conditions with waves
up to 11 meters and wind speeds up to 26 meters per second.<BR><BR>Similar to
the design philosophy on Maersk Drilling’s ultra deepwater semi-submersibles the
drillship design includes features for high efficiency operation including a
dual derrick, which allows for parallel and offline activities. The extensive
storage areas and tank capacities provide an advantage when operating in areas
with less developed infrastructure and limited presence of suppliers. Together
with the higher transit speed the increased capacity will reduce the overall
logistics costs for the oil companies. The drillships will have accommodation
capacity for 230 people.<BR><BR>“This order follows our recent order for two
highly advanced ultra harsh environment jack-up rigs placed in February and
implements our strategy of growing our business within the most attractive
market segments; ultra deepwater floaters and high specification jack-up rigs,”
Claus V. Hemmingsen concludes.<BR><BR>Invitation to press briefing: At 11 to 12
o’clock today, Wednesday 6 April, Maersk Drilling CEO, Claus V. Hemmingsen will
be available at an informal press briefing at A.P. Moller – Maersk’s
headquarters at Esplanaden, Copenhagen. He will brief about Maersk Drilling’s
strategy and the new orders. Afterwards he will be available for questions.
Frederik Smidth, Chief Technical Officer in Maersk Drilling and Michael
Harboe-Jørgensen, Head of Strategy and Communication in Maersk Drilling will
also be available to the press.<BR><BR>Please direct questions about the press
briefing to Birgitte Gam, T: +45 3363 3180. <BR><BR>Maersk Drilling provides
high-efficiency drilling services to oil companies around the world. In addition
to the two drillships and two jack-up rigs just ordered, the modern fleet counts
26 drilling rigs including deepwater semi-submersibles, high-end jack-up rigs
and cantilevered drilling barges. Maersk Drilling was established in 1972 and
employs an international staff of 3,200 people. <BR><BR>Maersk Drilling’s fleet
already include three ultra deepwater semi-submersibles working in Australia,
West Africa and the Gulf of Mexico.</P></DIV></BODY></HTML>