Maersk Drilling secures 19-month P&A contract through rig sharing agreement

Maersk Drilling has been awarded contracts which will see the harsh environment jackup Maersk Resolute employed to plug and abandon a total of 31 wells in the Dutch sector of the North Sea in support of a rig sharing agreement between TotalEnergies and Petrogas.

The contracts are expected to commence in Q2/Q3 2022, in direct continuation of the rig’s current contract, and will include the plugging and abandonment of 11 wells with TotalEnergies and 20 wells with Petrogas. The estimated duration is 575 days, and the total firm contract value is approximately $43 million, excluding potential performance bonuses. The contracts include options to add additional work scopes with a total estimated duration of 228 days.

“We’re pleased to secure this long-term commitment for Maersk Resolute to continue operating in the Netherlands. By deploying the rig for a combined 31-well campaign we will be able to ensure a consistent focus on efficiency improvements from well to well, while simultaneously operating with the respect for the continued sustainability of the marine environment that is a key component in successful plugging and abandonment operations,” said Maersk Drilling COO Morten Kelstrup.