BAKU, Azerbaijan, Nov. 11
By Leman Zeynalova - Trend:
Revenue of Denmark-based Maersk Drilling in the International floater segment of USD 155m in Q3 2021 (USD 168m) was sequentially lower due to Mærsk Explorer spending the quarter idle, Trend reports with reference to the company.
Excluding Mærsk Explorer, all seven of our deepwater floaters were contracted for the entire third quarter of 2021.
The decrease in contracted days to 644 (685) and the decrease in utilisation to 88% (94%) can be attributed to Mærsk Explorer spending the entire quarter idle, whereas in the previous quarter it was on contract until May. An average day rate of USD 241k (USD 245k) in Q3 2021 was slightly lower due to Maersk Viking mobilizing towards the end of the quarter for the drilling contract in Gabon.
Revenue in the North Sea segment of USD 171m in Q3 2021 (USD 175m) was two percent lower quarter-over-quarter, as an increase in utilisation was cancelled out by a lower average day rate. The quarterly decrease in day rate revenue was USD 10m which was almost offset by performance bonuses and additional other revenue of USD 6m.
Revenue for Q3 2021 of USD 333m (USD 350m) was the second highest quarterly revenue reported by Maersk Drilling as a listed company, behind Q2 2021. Quarter-over-quarter development was five percent lower due to a lower average day rate, partially offset by higher utilization across our fleet.
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