Maersk Drilling in $142M jack-up deal with ConocoPhillips

  • Business & Finance

Maersk Drilling has been awarded a contract extension for the jack-up rig the Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, in the Norwegian North Sea.

According to Maersk, the duration of the contract extension is 16 months.The company has explained that the extension is in direct continuation of the current contract expiring in February 2017, thus keeping the rig continuously contracted until June 2018. The estimated value of the contract extension is $142 million.

“We are very pleased to see the Mærsk Innovator continue to work for ConocoPhillips,” says Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group.

Mærsk emphasized that the rig has been working for ConocoPhillips since 2010.

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