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Aker BP Forms Two Separate Drilling & Well Alliances

Source: www.gulfoilandgas.com 11/21/2017, Location: North America

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Aker BP has entered into two separate alliance agreements, one with Maersk Drilling and Halliburton for Jack-Ups, and one with Odfjell Drilling and Halliburton for Semi-submersibles. Both alliances are formed under the 'one for all, all for one' collaboration model where the partners align around common goals to drive continuous improvement and create greater value for all.

Enhance productivity
Aker BP is committed to increase the productivity, quality, flow- and time efficiency throughout the value chain. Strategic alliance relationships are an integral part of this strategy.

'The Drilling & Wells alliances will further strengthen our One Team approach and enhance integration and productivity along the value chain. Strategic alliances with our suppliers in addition to the digitalization strategy are key enablers to our improvement agenda', says Tommy Sigmundstad, SVP Drilling & Wells in Aker BP.

The intent is that the Drilling & Wells alliances will plan and execute sanctioned production and exploration drilling activities by using an integrated well delivery model; a 'Drilling & Well Alliance'.

Halliburton will provide Aker BP’s well construction activities performed from either a Jack-Up (Maersk) or Semi-submersible (Odfjell) drilling unit, provided the model is approved in the respective licenses.

The framework agreements are five years firm with the option to extend for five years.

Collaboration
'With this alliance and the unique integrated well delivery model, we are leveraging our collective experience and capabilities to reduce waste across the value chain. Maersk Drilling is looking forward to utilizing our high performance jack-ups as a platform to implement digital solutions to improve drilling efficiency and lower total well cost for Aker BP,' says J?rn Madsen, CEO of Maersk Drilling.

'The award from Aker BP is recognition of Odfjell Drilling’s capabilities to deliver safe and efficient wells, coupled with our strategy focused on innovation and collaboration. We believe that digitalization is a key enabler for further increasing productivity in drilling operations. In order to successfully deliver on this agenda, the parties need to collaborate closer over time and this alliance is an important step in that direction', says Simen Lieungh, CEO at Odfjell Drilling.

'We look forward to working with Aker BP and to applying our digital approach to this alliance. Our Digital Well Program™ built on an open community will enable Aker BP and other service providers to better collaborate and align around the oil and gas digital twin for lean process execution and optimal drilling decisions,” says Nagaraj Srinivasan, Senior Vice President, Landmark and Halliburton Digital Solutions.'

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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