Maersk Drilling has decided to decommission its jack-up rig Maersk Endurer amid the current over-supply of drilling rigs in the offshore market.
Maersk says that the rig will be transported to Zhoushan Changhong International Ship Recycling in China in mid-July 2015 and it will take approximately 15 weeks to recycle.
Built in 1984, the Maersk Endurer is Maersk Drilling’s oldest rig in its fleet, and has lately been working offshore Cameroun.
“Given the current market situation and the over-supply of drilling rigs in the offshore market, there is a strong need to retire older rigs. Therefore, Maersk Drilling has decided to decommission its oldest rig in the fleet, Maersk Endurer,” says Morten Pilnov, Head of Global Sales in Maersk Drilling.
Maersk Drilling says Zhoushan Changhong International Ship Recycling was chosen because of its state-of-the-art rig recycling facility, which complies with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships and the European Union Ship Recycling Regulation.
Maersk Drilling’s fleet current consists of 22 drilling rigs including drillships, deepwater semi-submersibles and high-end jack-up rigs.