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Maersk Drilling reveals value of contract on Shah Deniz

Oil&Gas Materials 16 July 2019 17:31 (UTC +04:00)

Baku, Azerbaijan, July 16

By Leman Zeynalova – Trend:

The value of the contract between Danish Maersk Drilling and BP stands at $285,500 (average day rate), Maersk Drilling told Trend.

“As regards our semi-submersible Maersk Explorer operating on the Shah Deniz field, I can inform you that the rig is under contract with BP until May 2021 with an average day rate over the contract period of $285,500,” said the company. “Any updates to this status will be announced via our official communication channels in due time.”

Aside from Maersk Explorer, Istiglal rig is also engaged in drilling on Shah Deniz field. Istiglal rig carries out drilling of wells to a certain depth, after which well completion is conducted by Maersk Explorer.

Earlier, the company told Trend that it is interested in engaging its rig further offshore Azerbaijan after the contract on Shah Deniz ends.

“The rig is contracted with BP until May 2021, and as we approach the end of that contract, we will naturally be interested in exploring the possibilities of engaging the rig further offshore Azerbaijan, including the potential to continue relationships with the local suppliers and workforce who are currently supporting the rig and delivering an excellent performance,” said Maersk Drilling.

Maersk Drilling is a drilling rig operator based in Copenhagen, Denmark. It is a subsidiary of the A.P. Moller – Maersk Group, established in 1972.

Maersk Drilling is a leading offshore drilling operator, working everywhere from the North Sea to Ghana to Timor-Leste. It is increasingly providing third-party services and partnering with its customers on innovative technologies and new commercial models. Together, the company is reducing the complexity, cost, and risk of drilling campaigns to improve the competitiveness of offshore oil and gas for its customers.

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Follow the author on Twitter: @Lyaman_Zeyn

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