GALLERY: Maersk Invincible rig jacked up in South Korean shipyard
- Exploration & Production
Images: Maersk Drilling
Maersk Drilling has shared through its social media channels several images of its latest XLE rig, the Maersk Invincible, fully jacked up at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea.
Maersk Invincible is the final rig in a series of four ultra harsh environment jack-up rigs to enter Maersk Drilling’s fleet. The four jack-up rigs represent a total investment of $2.6 billion. The first three jack-up rigs have been delivered from the Keppel FELS shipyard.
The Maersk Invincible was named earlier this month at a ceremony held at the DSME shipyard. It will be delivered from DSME later in 2016.
After delivery from the yard, the rig will mobilize to the North Sea and start a five-year firm contract with BP Norge for plug and abandonment work on the Valhall field in the Norwegian North Sea. To remind, BP Norge recently merged with the oil company Det norske.
The estimated contract value for the firm contract is $812 million, including mobilization from South Korea to Norway, but excluding cost escalation. The rig is designed for year-round operation in the North Sea, in water depths up to 150 m (492 ft).
Offshore Energy Today Staff