Wednesday, February 22, 2012

Maersk Supply Service Secures 4 Contracts Worth $250 Million

Major contracts with Petrobras and ExxonMobil
Edition of January 16, 2012

Maersk Supply Service, the offshore marine services arm of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), said Monday it has won four contacts with a total value of about $250 million.

The contracts comprise oil field services offshore Brazil and Australia for companies Petrobras (PZE) and Exxon Mobile Corp. (XOM).

"These contracts reinforce our strong relationships with two of the industry leaders in deepwater exploration and production requiring high safety and specialized operational performance," said Carsten Plougmann Andersen, chief executive of Maersk Supply Service.

The two Danish anchor handling tug supply vessels Maersk Blazer and Maersk Boulder have each won four-year extensions of current contracts with Petrobras, which is Maersk Supply Service's biggest customer.

The other two contracts have been concluded with American oil major ExxonMobil, for a minimum of two years each, for the Danish flagged platform supply vessels Maersk Nomad and Maersk Nexus, two oil field services vessels.

Source: Nasdaq

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