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Maersk Drilling Receives Notice of Termination of One-Well Contract

Source: www.gulfoilandgas.com 1/15/2021, Location: Europe

Maersk Drilling has received notice of early termination for convenience of a one-well contract with Dana Petroleum Denmark B.V.

The contract was first announced in Maersk Drilling’s May 2020 Fleet Status Report. Maersk Drilling expects to receive compensation in the form of a termination fee. The contract had previously been deferred from the date of originally expected commencement.

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