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BRIEF-Maersk Drilling to buy jack-up rig from Hercules Offshore

Fri 27th May, 2016 7:18am
May 27 (Reuters) - Maersk Drilling, a unit in A.P. 
Moller-Maersk  MAERSKb.CO : 
     
    * Says has entered into a definitive agreement to acquire 
the newbuild harsh environment jack-up rig, from a subsidiary of 
Hercules Offshore and with immediate delivery from Jurong 
Shipyard in Singapore 
    * Says according to the agreement, Maersk Drilling assumes 
the right to take delivery of the rig and Maersk Drilling 
settles the final payment of approx. $190 million with Jurong 
    * Says after delivery, the rig will be mobilised to the 
North Sea to commence a five-year drilling contract with Maersk 
Oil and its partners, BP and JX Nippon, on the Culzean gas field 
offshore UK.  
    * Says the value of the five-year drilling contract is 
approx. $420 million, including a mobilisation fee of $9 million 
 
For more on the company, click on  MAERSKb.CO  
 
 (Copenhagen newsroom) 
 ((copenhagen.newsroom@thomsonreuters.com; +45 33 96 96 55;))
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