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Maersk Names Jack-up Rig No. 1

Maritime Activity Reports, Inc.

January 30, 2008

On January 30, Maersk Contractors named the latest addition to the fleet. The new high efficiency jack-up rig is the first in a series of four identical rigs currently under construction for Maersk Contractors. The following three highly advanced, next generation 350ft jack-up rigs will be delivered from Keppel FELS over the coming 15-20 months. The Sponsor, Mrs. Susanne Hemmingsen, wife of Partner in the Firm A.P. Moller and CEO of Maersk Contractors, Claus V. Hemmingsen, named the new rig MÆRSK RESILIENT at a ceremony at Keppel FELS in Singapore. The event was attended by over 400 guests. The drilling performance of the MÆRSK RESILIENT will be 20% more efficient than that of a conventional jack-up rig. The highly efficient drilling equipment will make the rig well qualified for drilling deep and difficult wells, including high temperature/high pressure wells. An extensive mechanization has been implemented to further improve the safety and working environment for the crew. The first assignment for the MÆRSK RESILIENT is a three-year contract with Dubai Petroleum Establishment in the Persian Gulf.

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