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Northern buys three Maersk jackups for $445M

Published Jun 4, 2007

RSV Gusto Maersk Endeavour Northern

Oslo-listed drilling vessel operator Northern Offshore Ltd. will buy three 300 IC “harsh-environment” jack-up drill rigs from Maersk Contractors for $445 million.

The Enhancer, the Endeavour and the Exerter go Northern in June 2007, but Maersk Contractors will continue to manage the units while under their existing drilling contracts.

All three are operating in the Danish sector of the North Sea under drilling contracts with Maersk Oil & Gas. The drilling contracts expire in August 2008, September 2009 and December 2009.

The jack-up rigs join the semisubmersible Galaxy Driller and drillship Energy Searcher in the Northern Fleet.

 

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