USA: Statoil Extends Maersk Developer Contract for GoM Work

Norway’s oil and gas exploration and production compayn, Statoil, has declared the option included in the 4-year firm contract for the ultra deepwater semi-submersible Maersk Developer rig.

Under the contract, the rig, owned by Denmark’s Maersk Drilling, will continue to work for Statoil in the US Gulf of Mexico. The duration of the option is two years with start scheduled for 4 November 2013 when the firm contract runs out. The contract value for the option period is approximately USD 370 million.

“We are very pleased to continue our cooperation with Statoil, one of our key clients, for this highly advanced deepwater rig,” says Claus V. Hemmingsen, CEO of Maersk Drilling.

“Having secured contracts for all our deepwater semisubmersibles until mid 2014 is a milestone in Maersk Drilling’s ambition of becoming a leading provider of highly advanced ultra deepwater rigs.”

Delivered in 2009, Maersk Developer is the first in a series of three state-of-the-art ultra deepwater development semi-submersibles in Maersk Drilling’s fleet. Since its delivery the rig has been employed in the US Gulf of Mexico.

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Offshore Energy Today Staff, March 16, 2012; Image: Maersk Drilling