Commercial activity in Q3 2021:
Maersk Intrepid: Equinor Energy AS has exercised an option to add additionally well intervention work at the Martin Linge field offshore Norway to the previously agreed work scope for the ultra-harsh jack-up rig Maersk Intrepid. The well intervention scope has a firm duration of 31 days, which means that the rig is now contracted until February 2022. The firm value of the contract extension is approximately USD 10.5m, including integrated services, but excluding potential performance bonuses.
Mærsk Innovator: Maersk Drilling has been awarded a nine-month contract with Harbour Energy for the jack-up rig Mærsk Innovator to drill three subsea development wells in Block 28/9 on the UK Continental Shelf. The contract is expected to commence in December 2021 and initially contained an additional one well option, which subsequent to the contract being signed, has also been exercised.
Mærsk Developer: Total E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Mærsk Developer. The contract extension has an estimated duration of minimum 40 days , and the work commenced late September 2021 in direct continuation of the rig’s previous work scope.
Maersk Discoverer: CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct continuation of the semi-submersible rig Maersk Discoverer’s contract with Shell Trinidad. With this option called, Maersk Discoverer is fully booked throughout 2021 and part of 2022.
Maersk Voyager: TotalEnergies E&P Angola has exercised an option to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022. The work on Ondjaba-1 commenced in October 2021, after which the rig is scheduled to move to Namibia to drill the Venus well. One one-well option remains on the contract.
The total firm value of contracts and extensions awarded to Maersk Drilling in Q3 2021 was approximately USD 81m. At 30 September 2021, contract backlog amounted to USD 1.462 bn. Pro-forma, contract backlog excl. Mærsk Inspirer is USD 1.042 bn.
Subsequent events:
Maersk Resolve: INEOS Oil and Gas UK has declared options for 33 days to the existing contract for Maersk Resolve, in direct continuation to the existing contract scope.
Mærsk Inspirer: Maersk Drilling has on October 28, 2021, successfully closed the previously announced divestment of the combined drilling and production unit Mærsk Inspirer to Havila Sirius. The sales price is USD 373m in an all-cash transaction.
Maersk Interceptor: Maersk Drilling has been awarded a contract from TotalEnergies EP Danmark A/S for the jack-up rig Maersk Interceptor to provide accommodation services in the Danish North Sea. The contract is expected to commence in the first half of 2022, with a firm duration of eight months
Source: Maerk
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