Gulf Oil and Gas accountACCOUNT

Tullow Terminates Maersk Venturer Drilling Contract Offshore Ghana

Source: www.gulfoilandgas.com 3/24/2020, Location: Africa

Maersk Drilling has received a notification from Tullow Ghana Ltd. of early termination for convenience of the drilling contract for the drillship Maersk Venturer. Since February 2018, Maersk Venturer has worked for Tullow offshore Ghana with an expected end of contract in February 2022. The rig is now expected to end the contract in June 2020. As a consequence of the termination, Maersk Drilling’s revenue contract backlog is reduced by USD 175m covering the period from the end of the contract to February 2022.

Subject to commercial prospects, Maersk Drilling will take measures to reduce Maersk Venturer’s operating costs following the end of the contract.

Maersk Drilling maintains the profitability guidance for 2020 of EBITDA before special items of USD 325-375m as announced on 20 March 2020.

Rigs >>

Rigs News in Ghana >>

South Africa >>  7/2/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa, is pleased to announce that the Odfjell Deepsea Stavanger s...
United States >>  7/2/2020 - Baker Hughes international rig count for June 2020 was 781 down 24 from the 805 counted in May 2020, and down 357 from the 1,138 counted in June 2019....

Suriname >>  6/30/2020 - Maersk Drilling has secured a contract for the semi-submersible rig Maersk Developer which will be employed by PETRONAS Suriname Exploration & Product...
United States >>  6/30/2020 - Vantage Drilling International has entered into a contract with Eni Montenegro BV for its premium jackup rig, the Topaz Driller, to perform drilling s...

Qatar >>  6/25/2020 - LOC Group, the premier international marine and engineering consulting firm, has been awarded a Master Service Agreement by Seafox Qatar LLC, a leadin...
Norway >>  6/17/2020 - Norway's Petroleum Safety Authority has given Equinor consent to use Transocean Norge for plugging, drilling and completion of Mikkel (PL 121) and Tyr...




Ghana Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.