‘Maersk Viking’ Drillship Named in South Korea. Next Stop, Gulf of Mexico

Maersk Drilling’s first ultra deepwater drillship was named Thursday morning in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Mrs. Nathalie Newman, wife of Mr. Harry E. Newman Jr., ExxonMobil Global Drilling Manager, had the honour of naming the drillship, Maersk Viking.

Maersk Viking is the first in a series of four ultra deepwater drillships to enter Maersk Drilling’s rig fleet. The four drillships represent a total investment of USD 2.6bn and will be delivered from the SHI shipyard in late 2013 and 2014. After delivery from the yard and mobilisation to the US Gulf of Mexico, Maersk Viking will start a three year contract with ExxonMobil. The estimated contract value is USD 610m including mobilisation, but excluding cost escalation and performance bonus.

“The naming of Maersk Viking is an important milestone in our further expansion in the ultra deepwater market. With the contract for Maersk Viking we look forward to continuing our relationship with ExxonMobil, and establishing ourselves as a significant drilling contractor in the US Gulf of Mexico,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.

Maersk Drilling has been active in the US Gulf of Mexico since 2009 with the ultra deepwater semi-submersible Maersk Developer. With Maersk Viking and the second newbuild drillship, Deepwater Advanced 2, to enter the US GoM, Maersk Drilling is becoming a significant drilling contractor in the US Gulf of Mexico, which together with West Africa, are the target regions for Maersk Drilling’s deepwater activities. Growing the business activities in the ultra deepwater market is part of Maersk Drilling’s strategy to deliver on the financial ambition of a profit (NOPAT) of USD 1bn in 2018.

Press Release, October 10, 2013

 

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