In recent news, New Fortress Energy has been named the buyer set to receive two jack-up rigs currently in the possession of Maersk Drilling. According to the statement Maersk released, the deal is marked to generate a figure of over thirty million dollars for the two active rigs. The Maersk Guardian and Gallant rigs are to be sold in an all-cash transaction scheduled to be complete in a few months. According to New Fortress Energy CEO Wes Edens, the jack-up rigs will be a fine addition to their Fast LNG project.
New Fortress has been diversifying their operation portfolio to incorporate LNG production for their international client base. It is expected that the new acquisition will help make a lower-cost alternative to their Fast LNG design by combining liquefaction technology with the jack-up rigs. The combination of the jack-up rigs used as floating liquefaction infrastructure and other floating storage units could fetch the New Fortress Energy over three billion dollars, says Wes Edens.
Maersk has lauded the move by New Fortress Energy as an excellent example of how to repurpose drilling rigs to provide low-carbon energy at an affordable price. Wes Edens, on the other hand, had said the new plans that New Fortress has for the jack-up rigs involve technology that is cheap to set up and operate. This ease of installation means that the natural gas production they are planning can be sold at a low price to meet the global demand for cleaner energy.
In addition to the Guardian and Gallant rigs, New Fortress also acquired three more assets that they expect to become operational at the end of 2022. These new additions will be a much-welcomed aid to the global incentive to switch from carbon-producing energy to cleaner forms of energy. It is expected that the sale of these ultra-harsh environment rigs to New Fortress Energy will also help Maersk rigging stay in line with their strategy for a fleet of high-quality assets.