https://www.petroleumafrica.com/tullow-terminates-maersk-venturer-drilling-contract-for-ghana-program/
Maersk Drilling announced that it has received notice from Tullow Oil
that it would be terminating its contract for services related to its
drilling program offshore Ghana which was to utilize the Maersk Venturer drillship.
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.
No comments:
Post a Comment