Maersk Drilling Awarded Two Well Contract Extension in Brazil

Source: www.gulfoilandgas.com 6/3/2021, Location: South America

Karoon Energy Ltd has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the second half of 2022, in direct continuation of the rig’s previously agreed work scope with Karoon Energy Ltd. The contract extension has a firm duration of 120 days, with a contract value of approximately USD 27m.

“We’re delighted to add this additional work scope for Mærsk Developer which shores up the rig’s drilling programme for 2022. We’re looking forward to establishing a strong and integrated teamwork focused on reaching the common objectives in our campaign with Karoon in support of their first new development project as a production company. The first item on the agenda is the safe and efficient workover of four wells at Baúna before Mærsk Developer will move on to drill at Patola,” says Thomas Lysgaard Falk, Head of International Division, Maersk Drilling.

Karoon Energy’s Chief Executive Officer and Managing Director, Dr Julian Fowles commented that "We are very pleased to continue to build our partnership with Maersk Drilling through extending our contract with them. The Patola development will add materially to our production base and the Final Investment Decision made today represents a key milestone for Karoon in Brazil. The Karoon team looks forward to working closely with Maersk Drilling to deliver both the Baúna workover campaign and the Patola Project safely and efficiently.”

Mærsk Developer is a DSS-21 column-stabilised dynamically positioned semi-submersible rig, able to operate in water depths up to 10,000 ft. It was delivered in 2009 and is currently operating offshore Suriname.


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