Maersk Drilling takes possession of world’s largest jackup

4/14/2014

Maersk Drilling takes possession of world’s largest jackup

SINGAPORE -- Maersk Drilling has taken delivery of its first ultra harsh environment jackup, Maersk Intrepid, from the Keppel FELS shipyard in Singapore. The jackup has a four-year contract with Total E&P Norge AS.

Maersk Intrepid is the first in a series of four newbuild ultra harsh environment jackup rigs to enter Maersk Drilling’s rig fleet in 2014-16. The four jackup rigs represent a total investment of $2.6 bn. The first three jackup rigs, including Maersk Intrepid, will be delivered from the Keppel FELS shipyard in 2014-2015, and the fourth will be delivered from the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea in 2016.

The Maersk Intrepid will be drilling the demanding and complex wells on the Martin Linge field development in the Norwegian North Sea. The contract includes four one-year options. The estimated contract value for the firm contract is $550 million.

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