Maersk Drilling awarded additional three-well contract with Aker BP

Maersk Drilling has secured a contract with Aker BP to deploy the ultra-harsh environment jackup Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of 86 days and is expected to commence in September/October 2022. The contract value is approximately $22.4 million, excluding integrated services provided and potential performance bonuses.

The Maersk Invincible is contracted under the frame agreement that Maersk Drilling and Aker BP entered into in 2017 when the Aker BP Jackup Alliance – which also includes Halliburton – was established. 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 on 18 December 2021.

“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,” said Maersk Drilling COO Morten Kelstrup. “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.”