Presentation

Maersk Drilling is an offshore drilling company with a global and diverse fleet consisting of high-end jackups and floaters. The company has a history that can be traced back to 1962 and was previously part of A.P. Møller - Mærsk A/S, before it was spun off and listed on Nasdaq Copenhagen in April 2019. Maersk Drilling is headquartered outside of Copenhagen, Denmark.

The company has a relatively good contract coverage for its quality fleet. As of August 2021, with the exception of one landlocked unit in the Caspian Sea and one CJ70, all of the company’s units are on contract or have known contract commitments. The company’s jackup fleet is mainly focused on the harsh environment market and several of its units are NSC capable. However, it also has one unit which is operating in SE Asia. The company’s floating drilling rigs are not harsh environment capable and are marketed internationally in benign waters. Overall, the company has a premium fleet with low reactivation risk and scrapping risk.