Maersk Drilling to be stand-alone company

Maersk Drilling will become a stand-alone company next year as its parent company continues its exit from the oil and gas business.

A.P. Moller-Maersk, Copenhagen, separated its transportation and energy businesses 2 years ago and cut energy investment (OGJ Online, Sept. 23, 2016).

Last year, it sold Maersk Oil to Total SA for $7.45 billion in stock and debt assumption (OGJ Online, Aug. 21, 2017).

In its financial report for this year’s second quarter, the company said it will seek a separate stock-exchange listing for the drilling company in 2019.

Maersk Drilling’s rig fleet includes 16 jack ups, 4 semisubmersibles, and 4 drillships.