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Home›Business & Finance›Maersk Drilling wins new job in Dutch North Sea but loses another one in UK
Business & Finance

November 5, 2020 · about 5 years ago

Maersk Drilling wins new job in Dutch North Sea but loses another one in UK

Maersk Drilling has secured a contract from Petrogas in the Dutch North Sea for the harsh environment jack-up rig Maersk Resilient but it has also received a cancellation for a UK North Sea job.

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Maersk Resilient jack-up rig

Maersk Drilling has secured a contract from Petrogas in the Dutch North Sea for the harsh environment jack-up rig Maersk Resilient, but it has also received a cancellation for a UK North Sea job.

Petrogas E&P Netherlands has awarded the contract to the Maersk Resilient to drill three wells at the B13 and A12 fields in the Dutch sector of the North Sea.

Maersk Drilling said on Thursday that the contract is expected to start in November 2020 and has an estimated duration of 110 days.

The firm contract value is approximately $9.4 million.

The companies have further agreed that Maersk Drilling will be given exclusive options to work on a selected number of Petrogas’ planned projects in the Dutch sector in 2021 and 2022.

Claus Bachmann , Head of North Sea Division in Maersk Drilling, said: “We are very pleased to be given the opportunity to continue our great collaboration and leverage the design of our R-class rig capabilities to support Petrogas’ business in one of their core markets in the Netherlands” .

Cancellation in UK for Maersk Drilling

Separately, the previously announced contract with Petrogas North Sea for the drilling of one well at the Birgitta field in the UK sector of the North Sea will be cancelled.

This contract was supposed to start in March 2020 and it was expected to take 70 days for the drilling operations.

Maersk Drilling noted it will receive compensation via a termination fee.

The drilling contractor retains an exclusive option with Petrogas North Sea to drill the Birgitta well in 2021 at rates reflecting the expected 2021 market.

Maersk Resilient is a 350 ft., Gusto-engineered MSC CJ 50 high-efficiency jack-up rig which was delivered in 2008.

It is currently mobilising for the campaign for Petrogas in the Netherlands and thereafter Serica Energy UK.

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