Skip to main content

Maersk Drilling receives jack-up rig extension

Oilfield Technology,


Maersk Drilling has received an extension for the jack-up rig Maersk Resolute, from Hess Corporation.

Hess has exercised the four one-well options included in the current contract for the jack-up rig Maersk Resolute. Each of the four additional wells has an estimated duration of around 90 days implying an extension of the current contract by approximately 1 year.

The current seven firm wells programme is expected to end by April 2015. With the exercising of the four one-well options, the rig will be employed until April 2016. The estimated value of the extension is approximately US$ 75 million.

Maersk Resolute is the second in a series of four high efficiency 350 ft jack-ups.


Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/26112014/maersk-jack-up-rig-extension-1885/

You might also like

Global gas demand 2025

If current trends persist, future energy demand will outpace demand expectations in many scenarios, positioning natural gas as the most scalable and responsive solution to meet growing power needs and stabilise grids.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Oil & gas news