The Definitive Guide for Maersk holds off on drilling rig fire sale - WorkBoat

The new owner will use the rigs for non-drilling functions as part of their prepared Quick LNG project. "These transactions will contribute to the needed justification of the worldwide drilling rig fleet and they are further in line with Maersk Drilling's strategic priority of keeping a fleet of modern, top quality possessions.

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Guardian is an ultra-harsh environment jack-up rig which has actually formerly been transformed into an accommodation unit. It was provided in 1986 and has been warm-stacked in Esbjerg, Denmark after ending its most current contract offshore Denmark in 2020. Mrsk Gallant is an ultra-harsh environment jack-up rig that was provided in 1993.

After both transactions are closed, Maersk Drilling's fleet will count 12 jack-up rigs, of which 11 are matched for operations in harsh environments, and 8 floaters. The transactions do not alter Maersk Drilling's monetary assistance for 2021. Associated News/// FROM THE ARCHIVE///.

"They have now tossed the ball back in our court and asked us to give concrete evidence on the numerous points we object to,"Mr. Kinsey said. "However how do you offer proof of the feeling one gets when strolling along a New Jersey or Long Island beach, watching out to sea with an unblocked view? And why is it necessary to scare people by proposing to offer tracts close by?"John Harmon, chief of the offshore section of New York's Bureau of Mineral Resources, stated that in October the state similarly requested the exemption of systems north of an east-west line that runs 25 to 50 miles south of Long Island.

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Harmon stated. Mr. Kinsey noted that in any case, government and industry experts say it is doubtful any gas or oil would be found within 50 miles of the coast anywhere from Cape Might to Montauk Point. Drilling in the Baltimore Canyon location southeast of New Jersey got under method in 1978 and has given that produced 28 holes.

Mr. Watt firmly insists that quotes of what lies under unexplored overseas tracts are "really very little better than best guesses"that can not be made more precise "until there has actually been exploratory drilling." Look At This Piece -wide concept"under which the Reagan Administration parcels out offshore drilling rights is "developed to encourage the advancement and execution of varied expedition methods, instead of limit them as in the past,"Mr.