Energy, Automobile, EV, Renewable News | Maersk Drilling secures contract extension offshore Malaysia

Maersk Drilling secures contract extension offshore Malaysia

September 26, 2022

Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) for the 7th generation drillship Maersk Viking. SSB/SSPC have executed the remaining three one-well options of the current drillship contract and awarded an additional eight-well contract to Maersk Drilling.A five-well work scope will be novated to PTTEP for drilling and plugging and abandonment activities at the Kikeh field offshore Sabah, with a total estimated duration of 116 days and expected commencement of the first well in November 2022, in direct continuation of the drillship’s previous work scope.The total firm contract value of the contract extension and additional contract is approximately USD 153m, including demobilisation and mobilisation fees, as well as fees for the use of managed pressure drilling on certain wells. The additional contract with SSB/SSPC contains options to add work on a total of 11 wells.

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