Maersk Drilling NEWS

Drilling rig operator Maersk Drilling has secured another one-well contract from Aker BP. The $21.6m contract excludes a potential performance bonus and comes with a further one-well option. The original contract forms part of the Aker BP includes alliance agreement with Maersk Drilling and Halliburton. The contract for the Maersk Integrator is a direct continuation of its previously announced work scope and is expected to start next April.

Maersk Drilling will invest USD $1m in California-based company Clean Energy Systems to develop a new technology called Carbon-Negative Energy. The novel technology will help produce renewable fuel and power and aid to remove greenhouse gases. Maersk Drilling is working to reduce the emissions associated with offshore drilling in multiple ways.

Offshore drilling contractor, Maersk Drilling has landed drilling work contract for Maersk Intrepid from Equinor at the Martin Linge field, offshore Norway. Made for carrying out work in ultra-harsh environments, the jack-up rig will commence work in September this year and will drill three wells and plug one on the Martin Linge field. The contract also involves managed pressure drilling (MPD), slop treatment, cuttings handling and tubular running services.

Tullow Ghana has terminated Maersk Drilling's contract for the Maersk Venturer deepwater drillship. The rig which has been working for Tullow Ghana since February 2018 was contracted for operations until February 2022. Following the contract termination, the rig will operate only till June 2020. As of March 20th, 2020, Maersk Drilling upholds its profitability guidance for 2020 of EBITDA before special items of $325-$375 million.

Danish drilling contractor, Maersk Drilling has landed a $3.8m drilling contract for the Maersk Discoverer offshore Egypt. Maersk Discoverer is a DSS-21 self-propelled A1 column-stabilised, dynamically positioned deep-water rig. The one-well drilling contract will commence this month will see the semi-submersible rig perform operations for the next 21 days. The new contract comes as a direct continuation of the Discoverer's current contract.

Drilling contractor, Maersk Drilling has landed a two well contract extension from Norwegian E&P major, Aker BP for the jack-up rig Maersk Integrator. Maersk Integrator, which is an ultra-harsh environment, low-emission jack-up rig, will move to the Ivar Aasen field offshore Norway to drill two wells. The contract, valued at ~$25.5 million, is expected to start in October 2020, and has an estimated duration of 93 days.

American E&P firm, Noble Energy has contracted Maersk Drilling's Valiant for the work offshore Colombia. The contract is valued at $18.2m and is expected to be concluded in 65 days. Noble said that the contract fees also includes mobilization and demobilization services. The 2013-built Maersk Valiant is Maersk Drilling’s seventh-generation drillship and comes equipped with integrated managed pressure drilling (MPD) capabilities.

Oilfield services giants, Halliburton and Petrofac have become the new members of the drilling exploration pact previously between Seapulse and Maersk Drilling. Under the pact, the quartet will carry out work on a “global wells programme”. The alliance will see Petrofac providing well management services, and Halliburton will deliver integrated well services. Maersk Drilling will offer drilling services and subcontracts.

Danish drilling contractor, Maersk Drilling has landed a contract for its Maersk Viking for a three-well drilling campaign, offshore Myanmar. The contract was awarded by Korean operator, POSCO International Corporation. The $33 million-contract is projected to begin by the end of 2019 and will continue for an estimated 154 days. The contract also includes an additional one-well option.

Danish drilling major, Maersk Drilling has secured a £6.2million contract to carry out drilling activities for an appraisal well at a central North Sea field. Maersk will perform drilling at the Birgitta field for Oman-based Petrogas. With an additional 20-day option, the contract is projected to commence in March 2020 for an expected 70 days.

Mærsk Giant has been sold to the LOTOS Petrobaltic Group. Its new owners have decided to use the rig for drilling in the Baltic Sea, for jobs involving the LOTOS Petrobaltic Group and other contracting parties. CEO of Maersk Drilling said, “After reviewing different options, we believe that a sale of Giant creates the highest shareholder value". And this sale is a part of the company's fleet optimization process.

Chinese E&P giant, CNOOC has awarded a contract extension to Maersk Drilling for the Maersk Innovator to perform drilling activities at the Buzzard field. An ultra-harsh environment jack-up rig, the Maersk Innovator will continue to drill infill wells in the North Sea until February 2020. Hydrocarbons were discovered in the Buzzard field back in 2001. CNOOC expects first oil from Phase 2 in 2021.

Maersk Drilling has revealed plans of converting the Intrepid platform into the first hybrid, low-emission offshore rig. The 2014-built Intrepid, an ultra-harsh environment rig, is currently hired for operational support at Equinor’s Martin Linge field. The Danish rig operator is looking to lower the NOx and CO2 emissions on the Maersk Intrepid through a number of upgrades. The full implementation of upgrades is slated to conclude by year-end.

Independent Oil and Gas plans to bring Maersk Drilling UK for its Harvey appraisal well project. It has signed a letter of intent for the same. The agreement is for the Maersk Resilient jack-up rig. IOG got the Harvey East licence in the 30th Licence Round after which it holds 100% of the Harvey license. Also, the company has almost closed the contract with Halliburton for the offshore drilling of this well.

Equinor has awarded a 5-month contract to Maersk Drilling AS and the Maersk Intrepid rig. These companies will provide operational support on the Martin Linge field. Maersk Intrepid rig has a deal until April 2019 which has now been extended to two one-month contracts. Four new two-month extension options will also be provided to the Interpid. The deal is estimated more than £30 million.

Maersk Drilling and Aker BP entered into a one-year contract to install Maersk Integrator on the Norwegian continental shelf from June 2019. An ultra-harsh environment jackup rig customised for the North Sea, the Maersk Integrator will be the first in the line of rigs to be fully contracted under the scope of the alliance formed between Aker BP, Maersk Drilling and Halliburton in 2017.

Maersk Drilling has signed a 2-year contract with Aker BP for the re-activation and quick deployment of the jackup rig Maersk Reacher. The rig has to be installed in the Norwegian segment of the North Sea. Maersk Reacher has to be deployed as an accommodation rig. Operations on rig are estimated to commence by October 2018.

Petrogas and Wintershall have extended the contract of Maersk Drilling, allowing the two jack-up rigs, Maersk Resolute and Maersk Resolve to continue their operations in the North Sea. Maersk Resolute has got a 56-day extension by Petrogas to continue its operation while Maersk Resolve has been awarded a 21-day extension by Wintershall to complete its work in the North Sea.