Maersk Drilling gets four-month extension for Maersk Intrepid

Maersk Drilling AS and the Maersk Intrepid rig have been awarded a 5-month contract for operational support on the Martin Linge field. Two extension options will also be exercised, and four new options will be added.

Equinor has exercised two options of two months each for jack-up rig Maersk Intrepid. Maersk Intrepid initially had a contract for operational support for the Martin Linge licence until April 2019.

Equinor has now chosen to exercise two one-month options, and then start a new contract from 1 June to 31 October 2019. In the four-month extension period, Maersk Intrepid is expected to be utilized for accommodation activities at the Martin Linge field on the Norwegian continental shelf.

In addition Maersk Intrepid will get four new two-month extension options. The value of the fixed part of the new contract is assessed at USD 40 million. The jack-up rig will mainly be used to add bed capacity on the field, but may also be used for drilling-related tasks.

It’s great to be able to continue our long-standing cooperation with Equinor with this renewed commitment,” says CCIO Morten Kelstrup of Maersk Drilling.
“This is capacity we need at Martin Linge for commissioning tasks and efficient work towards production start-up,” says Jan Einar Malmin, project director for Martin Linge.

Norway’s Equinor has awarded Maersk Drilling AS a five-month contract for the Maersk Intrepid rig to provide operational support on the Martin Linge field in the North Sea. Two extension options will also be exercised, and four new options will be added.

Maersk Intrepid initially had a contract for operational support for the Martin Linge licence until April 2019. Equinor has chosen to exercise two one-month options, and then start a new contract from June 1 to October 31, 2019.

In addition, Maersk Intrepid will get four new two-month extension options. The value of the fixed part of the new contract is assessed at $40 million. The jack-up rig will mainly be used to add bed capacity on the field, but may also be used for drilling-related tasks.

“This is capacity we need at Martin Linge for commissioning tasks and efficient work towards production start-up,” said Jan Einar Malmin, project director for Martin Linge. Maersk Drilling has extended the contract on the jack-up rig Maersk Intrepid of Total E & P Norge AS.

The contract has now been extended by 196 days with the possibility of a further 61 days. “It is very promising that we are able to ensure an extension of a long-term contract in a strategically important market.

This contract is the result of a strong and long-term relationship with the Total customer, and it is an great example of our ambition to add long-term value to our customers.

With this expansion we ensure that we work for the rig until the second quarter of 2019, “says Chief Commercial Officer at Maersk Drilling. The rig has worked for Total at the Martin Linge field in the Norwegian part of the North Sea since 2014

The extension of the contract starts in September 2018 in direct continuation of the current contract and covers accommodation work for connection and commissioning of the Martin Linge production and potential drilling operations.

The contract extension with Total is one of the many new contracts and contract extensions that Maersk Drilling has done in recent months, and the company’s contract coverage remains one of the best in the industry.

Maersk Intrepid is an ultra-harsh environment XL enhanched jack-up rig which was the world’s largest jack-up when it was delivered in 2014. It has been deployed in Norwegian waters ever since, previously working on the Sleipner and Hanz fields.

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