DRILLING CO OF 1972 A/S/THE [CBOE] overview

Articles of Association of The Drilling Company of 1972 A/S as adopted on the Annual General Meeting on 8 April 2021 Attachments Articles of Association (DEN) Articles of Association (ENG)...

Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) adopted the following resolutions at its Annual General Meeting: Financial year 2020 Annual Report for 2020 was adopted Loss for 2020 will be carried forward and no ordinary dividend will be paid for 2020 Board of Directors and Executive Management were discharged of liability Remuneration Annual Remuneration Report for 2020 was adopted Remuneration level of the Board of Directors for 2021 was approved Composition of the Board of...

Based on the previously announced Conditional Letter of Award , Maersk Drilling has been awarded a contract from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana. The contract commenced in April 2021, with an estimated duration of around four years. The estimated contract value is approximately USD 370m, excluding additional services provided and potential...

The Drilling Company of 1972 A/S (“Maersk Drilling”) will hold its Annual General Meeting on Thursday 8 April 2021 at 10.00 AM (CEST). The Annual General Meeting will be held as a completely electronic general meeting without the possibility of physical attendance. The documents to be presented at the Annual General Meeting, including the Company’s Annual Report, Remuneration Report, and the notice convening the Annual General Meeting as well as information on how to attend electronically,...

Today, Maersk Drilling announces annual grants for 2021 under its long-term incentive programme (“LTI”) in accordance with its Remuneration Policy. Executive Management, key employees and certain other employees (the “Participants”) will be eligible to receive a number of restricted share units (“RSUs”) free of charge. RSUs are granted on a revolving basis and neither grant nor vesting of RSUs depend on the achievement of specific goals. The vesting period for the RSUs is three years...

Today, the Board of Directors of The Drilling Company of 1972 A/S (“Maersk Drilling”) has adopted the Annual Report for 2020: Financial performance for 2020 (2019 in brackets) Revenue of USD 1,096m (USD 1,222m) EBITDA before special items of USD 289m (USD 415m) Cash flow from operating activities of USD 267m (USD 420m) Capital expenditures of USD 162m (USD 309m) Free cash flow of USD 17m (USD 32m) Net debt of USD 1,059m at 31 December 2020 (USD 1,099m at 31 December 2019) Leverage of 3.7x at...

Maersk Drilling expects to release its Annual Report for 2020 on 12 February 2021 around 08:00 a.m. CET. A conference call for investors and analysts is scheduled at 10:00 a.m. CET on the same day. At the call, CEO Jørn Madsen and CFO Christine Morris will present the report. The presentation will be followed by a Q&A session. The conference call can be followed live via webcast here . The presentation slides for the conference call will be available beforehand here . A replay of the conference...

Maersk Drilling has received a conditional letter of award (“CLOA”) from Tullow Ghana Ltd. (“Tullow”) for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana. The duration of the final contract is around four years with expected commencement in Q2 2021. The estimated value of the final contract is approx. USD 370 million, excluding the value of the additional services...

The Drilling Company of 1972 A/S (“Maersk Drilling”) hereby announces its financial calendar for 2021 with the following schedule: Friday 12 February 2021 Annual Report for 2020 Thursday 8 April 2021 Annual General Meeting Thursday 20 May 2021 Q1 Trading Statement Friday 20 August 2021 H1 Interim Financial Report Wednesday 3 November 2021 Q3 Trading Statement The financial releases are expected to be published around 08:00 AM (CET/CEST, as applicable) on the dates indicated above. The...

Maersk Drilling has uploaded a new investor presentation to its investor relations website . A copy of the presentation has been attached to this release. Title: Maersk Drilling Investor Presentation Date: December 2020 For further information, please contact: Michael Harboe-Jørgensen Head of Investor Relations +45 2328 5733 Michael.Harboe-Jorgensen@maerskdrilling.com Kristoffer Apollo Senior Press Officer +45 2790 3102 Kristoffer.Apollo@maerskdrilling.com Attachment Maersk Drilling –...

Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) announces that the Board of Directors has appointed Christine Morris as the new Chief Financial Officer (“CFO”) and member of the Executive Management with effect from 5 January 2021. The appointment follows the decision by Jesper Ridder Olsen, announced on 31 July 2020 ( link ), to pursue another opportunity outside Maersk Drilling. Christine Morris has solid experience from the oil and gas industry and 25 years of broad...

Today, the Board of Directors of The Drilling Company of 1972 A/S (“Maersk Drilling”) has adopted the trading statement for the third quarter of 2020 (Q3 2020): Performance highlights for Q3 2020 (Q2 2020 in brackets) Revenue of USD 226m (USD 305m) impacted by lower utilisation and lower average day rates following the contract terminations and suspensions from the first half of the year Continued strong operational performance with financial uptime of 99.8% (99.5%) Contracted days were...

Maersk Drilling expects to release its Q3 2020 Trading Statement on 20 November 2020 around 08:00 a.m. CET. A conference call for investors and analysts is scheduled at 10:00 a.m. CET on the same day. At the call, CEO Jørn Madsen and CFO Jesper Ridder Olsen will present the report. The presentation will be followed by a Q&A session. The conference call can be followed live via webcast here . The presentation slides for the conference call will be available beforehand here . A replay of the...

Maersk Drilling has uploaded a new investor presentation to its investor relations website . A copy of the presentation has been attached to this release. Title: Maersk Drilling Investor Presentation Date: September 2020 For further information, please contact: Michael Harboe-Jørgensen Head of Investor Relations +45 2328 5733 Michael.Harboe-Jorgensen@maerskdrilling.com Kristoffer Apollo Senior Press Officer +45 2790 3102 Kristoffer.Apollo@maerskdrilling.com Attachment Maersk Drilling -...

Today, the Board of Directors of The Drilling Company of 1972 A/S (“Maersk Drilling”) has adopted the interim financial report for the first half of 2020 (H1 2020): Performance highlights for Q2 2020 (Q1 2020 in brackets) Revenue of USD 305m (USD 279m) as lower utilisation was more than offset by a higher average day rate Contracted days were 1,303 (1,555) resulting in a utilisation of 66% (78%) impacted by contract terminations and postponements following COVID-19 and the oil price drop...