Maersk Integrator

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escveritas
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Maersk Integrator

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20 August, 2020

Maersk Drilling secures additional one-well contract for low-emission rig under the Aker BP alliance

Maersk Drilling has been awarded an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will move to the Ula field offshore Norway to drill the Ula F – Producer 1 well. The contract has an estimated duration of 85 days and is expected to commence in April 2021. The contract value is approximately USD 21.6m, excluding integrated services provided and a potential performance bonus.

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Maersk Integrator is contracted under the terms of the frame agreement that Maersk Drilling and Aker BP entered into in 2017 as part of the Aker BP Jack-up Alliance which also includes Halliburton. The tripartite alliance uses a shared incentives model, thereby securing mutual commitment to collaborate and drive digital initiatives to reduce waste and deliver value. Contracts under the alliance are based on market-rate terms but add the possibility of an upside for all parties, based on actual delivery and performance.

“We are pleased to add one more well to Maersk Integrator’s work scope for Aker BP in 2021. Our alliance with Aker BP and Halliburton is enabling new ways of working as one team across the value chain, and our close collaboration also allows greater flexibility in future well planning, so additional wells can be committed to as plans mature. We have achieved impressive efficiency gains in the alliance, and this also translates into a reduction of the CO2 emissions associated with drilling. The upgrades currently being performed on Maersk Integrator will improve our emissions profile even further,” says COO Morten Kelstrup of Maersk Drilling.

Maersk Integrator is an ultra-harsh environment CJ70 XLE jack-up rig, designed for year-round operations in the North Sea. It was delivered in 2015 and is currently finalising its scheduled Special Periodic Survey offshore Norway. The rig is further undergoing a series of upgrades to turn it into a hybrid, low-emission rig before expectedly moving to the Ivar Aasen field for Aker BP this month.
escveritas
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Re: Maersk Integrator

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Maersk Drilling secures one-well contract for low-emission rig from OMV

Maersk Drilling has been awarded a one-well contract from OMV (Norge) AS for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will drill one exploration well in the Ommadawn prospect in PL 970 offshore Norway. The contract is expected to commence in mid-2021, with an estimated duration of 52 days. The firm contract value is approximately USD 14.3m, including mobilisation, but excluding integrated services provided and potential performance bonuses. The contract further includes an option to add approximately 28 days of well testing.

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Maersk Integrator is currently undergoing a series of upgrades to combine the use of hybrid power with low levels of NOx emissions, adding data intelligence to further reduce energy consumption and CO2 emissions. The performance bonus schemes included in the contract with OMV are based on rewarding reduced fuel consumption and reduced NOx emissions during the drilling operations.

“We’re pleased to add this additional work scope for Maersk Integrator in 2021, and to enter into a new type of collaborative contractual set-up with OMV where we will focus on aligning incentives in the planning and execution of the drilling operation which again is expected to significantly reduce the uncertainty about overall well construction costs for our customer. We believe this kind of commercial model has the potential to increase exploration drilling activity in Norway and across the North Sea. The contract further shows the commercial value of our low-emission upgrades. By reducing fuel consumption, CO2 emissions and NOx emissions we are not only making contributions towards reaching emission targets, but also create value for our customer under the incentive schemes established in Norway,” says COO Morten Kelstrup of Maersk Drilling.

Maersk Integrator is an ultra-harsh environment CJ70 XLE jack-up rig, designed for year-round operations in the North Sea. It was delivered in 2015 and is currently operating offshore Norway.
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Re: Maersk Integrator

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5 February, 2021

Maersk Drilling awarded two-well contract for low-emission rig to return to Aker BP

Maersk Drilling has secured an additional two-well contract for the low-emission rig Maersk Integrator with Aker BP. The plan is that in direct continuation of the rig’s previously announced work scope with a different operator, Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected to commence in Q3 2021. The contract has an estimated duration of 73 days and a contract value of approximately USD 19.5m, excluding integrated services provided and potential performance bonuses.

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Maersk Integrator is contracted under the terms of the frame agreement that Maersk Drilling and Aker BP entered into in 2017 as part of the Aker BP Jack-up Alliance which also includes Halliburton. The tripartite alliance uses a shared incentives model, thereby securing mutual commitment to collaborate and drive digital initiatives to reduce waste and deliver value. Contracts under the alliance are based on market-rate terms but add the possibility of an upside for all parties, based on actual delivery and performance.

The ultra-harsh environment jack-up rig is currently completing a series of upgrades to turn it into a hybrid, low-emission rig. The upgrades are supported by a grant from the Norwegian NOx Fund and a separate compensation scheme agreed with Aker BP rewarding reductions in fuel consumption and reduced emissions.

“It’s great to add another two wells which shores up Maersk Integrator’s drilling programmes for all of 2021. We look forward to continuing our close collaboration with Aker BP and Halliburton in order to add to the efficiency gains realised by our alliance. This in itself lowers the CO2 emissions associated with drilling, and the low-emission upgrades will contribute further to delivering on our target of reducing the CO2 intensity from rig operations,” says COO Morten Kelstrup of Maersk Drilling.

Maersk Integrator is an ultra-harsh environment CJ70 XLE jack-up rig, designed for year-round operations in the North Sea. It was delivered in 2015 and is currently operating offshore Norway.
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Re: Maersk Integrator

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21 April, 2021

Maersk Drilling awarded one-well exploration contract for low-emission rig with Aker BP

Maersk Drilling has secured an additional one-well contract for the low-emission rig Maersk Integrator with Aker BP.

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In direct continuation of the rig’s previously announced work scope, Maersk Integrator will drill an exploration well for Aker BP offshore Norway. The contract is expected to commence in December 2021, with an estimated duration of 36 days. The firm contract value is approximately USD 9.6m, excluding integrated services provided and potential performance bonuses. The contract includes an option for additional work.

Maersk Integrator is contracted under the terms of the frame agreement that Maersk Drilling and Aker BP entered into in 2017 as part of the Aker BP Jack-up Alliance which also includes Halliburton. Contracts under the alliance are based on market-rate terms with incentive arrangement for all parties, based on actual delivery and performance.

The ultra-harsh environment jack-up rig recently completed a series of upgrades to convert it to a hybrid, low-emission rig. In the first month of operations featuring identical upgrades, the sister rig Maersk Intrepid registered a very promising initial data point of reducing fuel consumption and CO2 emissions by approximately 25% compared to the rig’s average baseline, along with NOx emissions reductions of approximately 95%.

“We’re delighted to add this additional work scope for Maersk Integrator which will provide an opportunity to prove that our alliance model with Aker BP and Halliburton also can be applied to an exploration campaign, expectedly resulting in significant efficiency gains and emissions reductions,” says COO Morten Kelstrup of Maersk Drilling.

Maersk Integrator is an ultra-harsh environment CJ70 XLE jack-up rig, designed for year-round operations in the North Sea and featuring hybrid, low-emission upgrades. It is currently operating for Aker BP offshore Norway.
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Re: Maersk Integrator

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Maersk Drilling has announced that the company has entered into agreement with Aker BP to renew frame agreement for another 5 years for Maersk Integrator and Maersk Invincible ultra harsh environment jack up rigs, with combined contract values exceeding USD 1 Billion.

Under this renewed agreement, both rigs will work for Aker BP offshore Norway from 2023 to 2027. Both rigs are of CJ70 XLE jack-up design. The CJ70 is the largest unit in the series currently in operation and is driving the boundaries of jack-up territory further out. The CJ70 is specifically designed for all-year use in water depths up to 150 meters on the Norwegian Continental Shelf in the North Sea, taking into account all Norwegian regulatory requirements regarding safety and working environment
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