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Aker BP grants Maersk Drilling contract extension for work offshore Norway

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Aker BP grants Maersk Drilling contract extension for work offshore Norway

Norwegian oil and gas producer Aker BP ASA granted drilling services provider Maersk Drilling A/S with a two-well contract extension, including a one-well option, for its low-emission jack-up rig Maersk Integrator for work offshore Norway.

The jack-up rig will move to the Ivar Aasen field offshore Norway to drill two wells, with work expected to start in October and continue for 93 days, according to a Jan. 20 release from Maersk. The contract value is $25.5 million, excluding a potential performance bonus.

According to Maersk, the Maersk Integrator was contracted under the terms of an alliance agreement with Aker BP and oilfield service provider Halliburton Co. in 2017.

The Ivar Aasen field is located in the northern part of the North Sea, about 175 kilometers west of Karmøy, in water depths of about 110 meters. The field produced its first oil on Dec. 24, 2016.