Petronas Carigali , the Exploration and Production subsidiary of Malaysia’s national oil company, has exercised its contractual right to extend the contract for the jack-up Maersk Convincer by one year.
Consequently, the rig will be on contract with Petronas until mid-November 2014. As part of the drilling campaign offshore Malaysia the rig is expected to do High-Pressure-High-Temperature drilling and Under-Balanced drilling for which the rig is ideally suited. The estimated value of the one-year contract extension is approximately USD 54 million.
“ We are very pleased to continue our cooperation with Petronas Carigali in Malaysia, one of the leading operators in Southeast Asia. We see this contract as a further strengthening of our relationship with Petronas and we hope it can pave the way for strengthening our position in the flourishing Malaysian market,” says Claus V. Hemmingsen , CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.
Maersk Convincer is one of two Baker Marine 375ft jack-up rigs in Maersk Drilling’s fleet. The rig has been working in Southeast Asia since its delivery from Jurong Shipyard in 2008 and with Petronas Carigali since 2011.