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OFS - Maersk Drilling sees four contracts terminated since March - June 2020
Total and CNOOC delivered notices of early termination to Maersk Drilling jackups, bringing the driller’s total to four contracts cancelled since the end of Q1. As it reported Q1 earnings on May 27, Maersk Drilling also reaffirmed its May 7 financial guidance update, which includes no new contracts with financial impact in 2020. “Most of the opportunities we saw in the beginning of 2020 have now been pushed into 2021,” CEO Jørn Madsen said......
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