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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  The Drilling Company of 1972 A/S    DRLCO   DK0061135753

THE DRILLING COMPANY OF 1972 A/S

(DRLCO)
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Drilling of 1972 A/S : Maersk Drilling awarded three-well contract by Petrogas

11/05/2020 | 01:12am EST

The parties have further agreed that Maersk Drilling will be given exclusive options to work on a selected number of Petrogas' planned projects in the Dutch sector in 2021 and 2022.

'The three-well contract and the exclusivity agreement are yet another testament to our strong relationship with Petrogas. We are very pleased to be given the opportunity to continue our great collaboration and leverage the design of our R-class rig capabilities to support Petrogas' business in one of their core markets in the Netherlands,' says Claus Bachmann, Head of North Sea Division in Maersk Drilling.

Separately, the previously announced contract with Petrogas North Sea Ltd for the drilling of one well at the Birgitta field in the UK sector of the North Sea will be cancelled and Maersk Drilling will receive compensation via a termination fee. Maersk Drilling retains an exclusive option with Petrogas North Sea to drill the Birgitta well in 2021 at rates reflecting the expected 2021 market.

Maersk Resilient is a 350 ft., Gusto-engineered MSC CJ 50 high-efficiency jack-up rig which was delivered in 2008. It is currently mobilising for the campaign for Petrogas in the Netherlands and thereafter Serica Energy UK Ltd.

Disclaimer

Maersk Drilling A/S published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 06:11:01 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 1 041 M - -
Net income 2020 -1 621 M - -
Net Debt 2020 1 036 M - -
P/E ratio 2020 -0,88x
Yield 2020 -
Capitalization 1 408 M 1 408 M -
EV / Sales 2020 2,35x
EV / Sales 2021 2,60x
Nbr of Employees 2 850
Free-Float 48,9%
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Technical analysis trends THE DRILLING COMPANY OF 1972 A/S
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 9
Average target price 31,68 $
Last Close Price 34,11 $
Spread / Highest target 39,7%
Spread / Average Target -7,12%
Spread / Lowest Target -44,0%
EPS Revisions
Managers and Directors
NameTitle
JÝrn Madsen Chief Executive Officer
Claus Michael Hemmingsen Chairman
Morten Kelstrup Chief Operating Officer
Christine J. Morris Chief Financial Officer
Brian Nygaard Chief Process & Information Officer
Sector and Competitors