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 >>

Indonesia >>  3/31/2020 - Southeast Asia’s rig market, which was poised for growth in 2020, is now set for decline. Several oil companies have already made significant cuts to ...
Mexico >>  3/26/2020 - Valaris plc continues actively working to recover or replace the blowout preventer (BOP) stack on VALARIS DS-8 following a non-drilling incident earli...

Ghana >>  3/24/2020 - Maersk Drilling has received a notification from Tullow Ghana Ltd. of early termination for convenience of the drilling contract for the drillship Mae...
United Kingdom >>  3/19/2020 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. ...

Egypt >>  3/9/2020 - Shelf Drilling, Ltd. (SHLF) has secured a one-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with B...
United Kingdom >>  3/9/2020 - With reference to our press release of 30 January 2020, Awilco Drilling PLC is pleased to confirm that a contract has been signed with Petrofac Facili...




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.