DRLCO Drilling Company of 1972

Maersk Drilling (DRLCO) – Investor Presentation

Maersk Drilling (DRLCO) – Investor Presentation

Maersk Drilling has uploaded a new investor presentation to its investor relations . A copy of the presentation has been attached to this release.

Title: Maersk Drilling Investor Presentation

Date: June 2020

Attachment:

  • Maersk Drilling – June 2020 – Investor Presentation

For further information, please contact:

Michael Harboe-Jørgensen

Head of Investor Relations



Kristoffer Apollo

Senior Press Officer



Attachment

EN
12/06/2020

Underlying

DRLCODrilling Company of 1972

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Reports on Drilling Company of 1972

Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
SDRL SEADRILL LTD
ODL Odfjell Drillin... ... (+12)

Supportive rig comments from Saudi Energy Minister

Following Saudi Arabia’s statement in late January that it will scale back production capacity from 13 to 12 mmboed, uncertainty has increased in the rig market related to future rig demand for jackups. Hence, we find the Energy Minister’s comments in an interview at IPTC positive. Regarding postponed projects (Safaniya and Manifa), he said, “that doesn’t mean we are abandoning things” and “that doesn’t mean that we are not going to use the rigs that Aramco commissioned”, among other comments. W...

SDRL SEADRILL LTD
ODL ODFJELL DRILLING
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
DRLCO DRILLING COMPANY OF 1972
BORR BORR DRILLING
NODL NORTHERN DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
02/13/24 February 13, 2024 1 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
DRLCO Drilling Compan...

Maersk Drilling (No_rec, TP: DKK) - Discontinuing coverage

We have discontinued coverage of Maersk Drilling following its acquisition by Noble Corporation. Our last published recommendation, target price and estimates should no longer be relied upon.

DRLCO DRILLING COMPANY OF 1972
02/13/24 February 13, 2024 1 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
SDRL SEADRILL LTD
ODL Odfjell Drillin... ... (+12)

Valuation and market update

In this note, we show updated valuation and market statistics for the Offshore Drilling sector.

SDRL SEADRILL LTD
ODL ODFJELL DRILLING
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
DRLCO DRILLING COMPANY OF 1972
BORR BORR DRILLING
NODL NORTHERN DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
02/09/24 February 9, 2024 1 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
SDRL SEADRILL LTD
ODL Odfjell Drillin... ... (+12)

Total and Vantage create JV for deepwater rig supported by 10-year agr...

Total and Vantage announced a JV in which Total will acquire 75% of the 2013-built 6G drillship Tungsten Explorer from Vantage for USD199m, implying a USD265m valuation on a 100% basis. At the same time, Vantage is being hired by the JV as a manager of the rig for a 10-year period, which implies Total will use the rig for a similar period. Based on disclosures, Vantage would get an average management fee of cUSD47k per day (cUSD17m per year) in addition to its pro-rata share of the cash flow fro...

SDRL SEADRILL LTD
ODL ODFJELL DRILLING
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
DRLCO DRILLING COMPANY OF 1972
BORR BORR DRILLING
NODL NORTHERN DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
02/06/24 February 6, 2024 1 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
SDRL SEADRILL LTD
ODL Odfjell Drillin... ... (+12)

Deepwater focus should remain on longevity of upcycle

In the upcoming earnings season, we expect drilling contractors to focus on the longevity of the deepwater upcycle and contract opportunities with 2025 and beyond startup. For the near term, we see greater attention related to utilisation challenges for open 2024 capacity, caused by a too-rapid near-term influx of rigs to the market. From an industry perspective, we see solid support for cycle duration by numerous ongoing long-term tenders. Dayrates are likely to reflect bifurcation related to c...

SDRL SEADRILL LTD
ODL ODFJELL DRILLING
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
DRLCO DRILLING COMPANY OF 1972
BORR BORR DRILLING
NODL NORTHERN DRILLING
SHLF SHELF DRILLING LTD.
VAL VALARIS LTD
NE NOBLE CORP NEW
SDNS SHELF DRILLING NORTH SEA
DDRIL DOLPHIN DRILLING
02/06/24 February 6, 2024 1 EN

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