Maersk Drilling secures contract for ultra-harsh environment jackup

9/2/2013

Maersk Drilling secures contract for ultra-harsh environment jackup

COPENHAGEN -- Maersk Drilling has signed a contract with Talisman Energy Norge for the ultra-harsh environment jack-up Mærsk Giant for drilling operations in the Norwegian North Sea. The duration of the contract is one year, and Talisman Energy Norge has options to extend the contract up to a total of three years. The contract is expected to commence in mid-third quarter 2014. The estimated value of the contract is $137 million.

Maersk Drilling currently owns and operates six of the nine jackup rigs present in the region.

The company has three XL Enhanced (CJ-70) jackups under construction that will enter the Norwegian market in 2014 and 2015 thereby increasing it’s presence in Norway. The three rigs have all secured long term contracts. The XL Enhanced rigs are designed to operate in the harsh environment found in the North Sea and comply with all rules and regulations in the strictly regulated Norwegian sector.

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