Danish-based Maersk Drilling said on Friday it has sold the Maesrk Giant jack-up drilling rig to the Poland's LOTOS Petrobaltic Group
The rig will be renamed Giant, and the new owners will use the jack-up for drilling solely in the Baltic Sea, for jobs involving the LOTOS Petrobaltic Group and other contracting parties, Maersk said.
Maersk Drilling CFO, Jesper Ridder Olsen, said, “After reviewing different options, we believe that a sale of Giant creates the highest shareholder value. The rig was built in 1986 and the sale is part of our fleet optimization in line with our strategic priority of maintaining a fleet of modern, high-quality assets.”
Maersk Drilling said it will recognize a single-digit USD million pre-tax gain on the sale.