Dana Petroleum Terminates Maersk Drilling Rig Deal


January 15, 2021
File Photo: Maersk Drilling

File Photo: Maersk Drilling

Oil company Dana Petroleum has terminated a contract for the use of a Maersk Drilling rig in Denmark.

The one-well contract was initially expected to start in May 2020.

However, the two companies then in October 2020 said the contract start-up for the yet to be nominated rig would be deferred.

Come Friday, January 15, Maersk Drilling said Dana Petroleum Denmark had sent a notice of early termination for convenience of the contract.

"Maersk Drilling expects to receive compensation in the form of a termination fee," Maersk Drilling said.

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