Maersk exits Egyptian Drilling Company joint venture

A.P. Møller - Mærsk A/S [A.P. Moller - Maersk] and Egyptian General Petroleum Corporation [EGPC] has signed an agreement whereby EGPC will acquire A.P. Moller - Maersk’s 50% shareholding in Egyptian Drilling Company [EDC] for $100 million in an all-cash transaction. More »