Maersk Drilling to enter a contract with Shell for the completion of a multi-well program estimated to start in Jan 2018
Category: #world  By Satarupa De  Date: 2017-08-19
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Maersk Drilling to enter a contract with Shell for the completion of a multi-well program estimated to start in Jan 2018

Shell is set to kick off a drilling campaign at Trinidad early in the next year after signing a contract with the Danish offshore driller giant, Maersk Drilling. Reportedly, the latter has been awarded the contract by Shell for Maersk Developer, the semi-submersible deepwater rig that was built in 2009. The deal includes drilling and the completion of three wells and the suspension of one well located in the East Coast Marine Area. Commencing from January 2018, the duration is estimated to last for eight to nine months, with options available for period extension. The contract also covers the provision of additional integrated in-field services by the drilling rig operator.

Maersk Drilling is highly optimistic toward this strategic partnership with the global energy leader, Shell, for the multi well program. The Anglo-Dutch mammoth is looking forward to contributing diligently to the project, while integrating Maersk Developer’s advanced hi-tech drilling capabilities, as stated by the company’s spokesperson. Undoubtedly, this is one of the biggest pacts in the oil and gas industry, involving two of the top giants. Reported, Maersk Developer is currently placed in Aruba, having completed Repsol’s drilling campaign in June 2017.

While already having established a partnership with Shell, Maersk Drilling is also reported to concurrently enter two contract extensions with Wintershall Noordzee B.V. and Petrogas E&P, Netherlands for their high-efficiency jack-up drilling platforms - Maersk Resolve and Maersk Resolute respectively. The contract duration with Wintershall Noordzee was initially termed to 86 days. With additional options included, the deal has been extended to a minimum period of 160-190 days, cite reliable sources. Maersk Drilling’s extension of the contract with Petrogas E&P covers additional plug and abandonment activities at the Q1 Halfweg platform, lengthening the duration from 95 days to a total of 140 days. The total duration of both the agreements has currently been extended to 150 days. Analysts state that the North Sea belt being the most lucrative business space for Maersk Drilling, the company is likely to remain staunchly committed to both Petrogas and Wintershall Noordzee, offering a safe and efficient rig operation.

Maersk Drilling has already nailed its stake in the oil and gas industry by collaborating with innumerous oil and gas mammoths over the recent years. With the company’s recent announcement of entering an agreement with a global leader like Shell, the driller seems to lead the pack among its contractor peers in the upstream oil and gas industry.



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Satarupa De

Email: satarupa.d@news.marketsizeforecasters.com   

Satarupa De

Satarupa develops content for Market Size Forecasters, Algosonline, and various other portals. An electrical engineer by qualification, she worked for two years in the core domain before switching her professional genre. Following her childhood passion, she opted for ...

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