44.4 Billion US Dollars! Maersk Drilling Or Will Be For Sale

- Jan 25, 2018-

According to Danish media, Danish drilling contractor Maersk Drilling is likely to be sold to a joint venture of AP Moller Holdings and an anonymous third party.


According to sources, as the parent company of Maersk Drilling, AP Mill Holdings will form a joint venture with an anonymous industry partner to acquire Maersk drilling at a transaction price of 27 billion Danish kroner (about 4.44 billion U.S. dollars).


This will be the third time that Maersk will sell its energy segment after Maersk Oil and Maersk Tankers.

Last year, Maersk Group sold Maersk Oil to the French giant Total, selling for about 7.45 billion U.S. dollars. After that, Maersk Group also sold all of Maersk Cruises to AP Mill Holdings, together with its partner Mitsui & Co., in Japan for a total cash transaction amount of approximately $ 1.17 billion. glenflange


A spokesman for AP Mill Holdings declined to comment on the news. However, the spokesman said the sale of Maersk's drilling wells is expected to be carried out in 2018.


Last September, there were reports that the U.S. drilling company Rowan Companies was negotiating with Maersk Group to acquire Maersk drilling. At that time, Maersk drilling assets worth about 4 billion US dollars. Maersk Drilling's fleet has 24 drilling rigs (shipyards for sale), including 15 high-end jack-up rigs, the rest for the drilling ship (shipyards ship trading) and deep-water semi-submersible drilling platform.glenflange


Maersk Energy Services will include only Maersk Supply Services following the Maasai drilling sell-off.