Offshore contractor Maersk Drilling has secured a deal with Aker BP, on behalf of the Ivar Aasen license.
The Norwegian operator has picked the ultra-harsh environment jack-up rig Maersk Invincible to drill three infill wells at the field offshore Norway.
With an estimated duration of 86 days, the contract is expected to begin in September or October this year.
The deal value is around £17.9 million, excluding integrated services provided and potential performance bonuses.
Maersk Invincible is contracted under the frame agreement that Maersk Drilling and Aker BP (OSLO: AKRBP) entered into in 2017 when the Aker BP Jack-up Alliance was established.
It also involves energy services giant Halliburton.
An alliance incentive arrangement will apply for the work, based on actual delivery and performance.
This contract at Ivar Aasen is not part of the agreement to renew the frame agreement that Maersk Drilling announced at the end of last year.
Morten Kelstrup, chief operating officer of Maersk Drilling, said: “We’re excited to announce Maersk Invincible’s next campaign for Aker BP.
“The rig will be deployed with brand-new low-emission upgrades, and we are ready to continue the great collaboration in the alliance which has led to impressive results for operational efficiency and emission reductions.
“The alliance’s focus on long-term planning and alignment of incentives for mutual gains are important factors in unlocking the investments needed to apply advanced technological solutions to reduce emissions.”
Maersk Invincible is an ultra-harsh environment CJ70 XLE jack-up rig, designed for year-round operations in the North Sea and featuring the capability to operate on shore power.
It was delivered in 2016 and is currently operating for Aker BP offshore Norway.
Prior to commencing the contract at Ivar Aasen, Maersk Invincible is scheduled to complete a special periodic survey as well as implementing hybrid, low-emission upgrades similar to the ones previously installed on Maersk Intrepid and Maersk Integrator.
Recommended for you
