Maersk Intrepid

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escveritas
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Maersk Intrepid

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Maersk Drilling secures 11-month extension for low-emission rig and signs Master Framework Agreement with Equinor

Maersk Drilling has been awarded a four-well extension for the low-emission jack-up rig Maersk Intrepid to continue working for Equinor offshore Norway.

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In direct continuation of the rig’s current workscope at the Martin Linge field, Maersk Intrepid will be assigned to drill and complete three additional gas wells at Martin Linge, followed by the plugging and abandonment of one well. The contract extension is expected to commence in September 2020, with an estimated duration of 339 days, which will keep the rig deployed into the second half of 2021. In addition, Maersk Drilling and Equinor have reached an agreement on the provision of integrated services for the campaign, including Managed Pressure Drilling, slop treatment, cuttings handling, and tubular running services. The contract value is approximately USD 100m, including rig modifications and upgrades, but excluding the integrated services provided and potential performance bonuses. The contract includes an additional one-well option, plus the option of adding up to 120 additional days of well intervention.

The contract extension is agreed as part of a new Master Framework Agreement between Equinor and Maersk Drilling, aimed at facilitating long-term collaboration in Norway and internationally. In the Master Framework Agreement, the parties commit to collaborate on technology advancements with a focus on digitalisation and automation, as well as further initiatives to limit greenhouse gas emissions from drilling operations. Further, the agreement lays out a general framework for the delivery of integrated services. As part of the agreement, Equinor has designated Maersk Intrepid as a preferred jack-up rig, with exclusive access to the rig if certain conditions are met.

“In light of the current market situation, it’s even more important to maintain our strategic focus on driving value for our customers by enhancing efficiency through better planning, execution, and orchestration of drilling campaigns, while also making additional investments to limit emissions from drilling. This resonates well with Equinor’s focus on cost efficiency and responsible, low-emission drilling, and we look forward to immediately starting preparations for a successful ‘one team’ drilling operation along with Equinor and the other suppliers designated for the campaign,” says CEO Jørn Madsen of Maersk Drilling.

During Maersk Intrepid’s previously agreed workscope, Maersk Drilling will complete a series of upgrades to turn it into the first hybrid, low-emission rig. These upgrades combine the use of hybrid power with low levels of NOx emissions, adding data intelligence to further reduce energy consumption and CO2 emissions. The project is supported by a grant from the Norwegian NOx Fund, and by Equinor’s decision to introduce compensation formats to stimulate emission reductions.

In addition to the hybrid power and low-emission upgrades, Maersk Intrepid will be outfitted with the NOVOS drilling system, further enhancing the rig’s digital profile. The system assists the driller in executing processes consistently and enables interfacing with third-party advisory algorithms to enhance drilling performance.

Maersk Intrepid is an ultra-harsh environment CJ70 jack-up rig, designed for year-round operations in the North Sea. It was delivered in 2014 and has been operating in Norway ever since.
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Re: Maersk Intrepid

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27 May, 2021

Maersk Drilling adds well intervention scope for low-emission rig with Equinor

Equinor Energy AS has exercised an option to add well intervention work at the Martin Linge field offshore Norway to the previously agreed work scope for the ultra-harsh environment jack-up rig Maersk Intrepid. The well intervention scope has an estimated duration of 29 days. The firm value of the contract extension is approximately USD 9.9m, including integrated services but excluding potential performance bonuses.

The contract extension is entered under the Master Framework Agreement between Equinor and Maersk Drilling, in which the parties have committed to collaborate on technology advancements and further initiatives to limit greenhouse gas emissions. The contract with Equinor Energy AS contains a performance bonus scheme based on rewarding reduced CO2 and NOx emissions.

Maersk Intrepid is an ultra-harsh environment CJ70 jack-up rig, designed for year-round operations in the North Sea and featuring hybrid, low-emission upgrades. It was delivered in 2014 and is currently operating at Martin Linge for Equinor.
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Re: Maersk Intrepid

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Maersk Drilling secures extended well intervention scope for low-emission rig


Equinor Energy AS has exercised an option to add additional well intervention work to the previously agreed work scope for the low-emission jack-up rig Maersk Intrepid at the Martin Linge field offshore Norway. The added well intervention scope has a firm duration of 31 days, which means that the rig is now contracted until February 2022. The firm value of the contract extension is approximately USD 10.5m, including integrated services but excluding potential performance bonuses.

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The contract extension is entered under the Master Framework Agreement between Equinor and Maersk Drilling, in which the parties have committed to collaborate on technology advancements and further initiatives to limit greenhouse gas emissions. The contract with Equinor Energy AS contains a performance bonus scheme based on rewarding reduced CO2 and NOx emissions.

Maersk Intrepid is an ultra-harsh environment CJ70 jack-up rig, designed for year-round operations in the North Sea and featuring hybrid, low-emission upgrades. It was delivered in 2014 and is currently operating at Martin Linge for Equinor.
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Re: Maersk Intrepid

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3 December, 2021

Maersk Drilling awarded one-well exploration contract with OMV in Norway

Maersk Drilling has secured a one-well contract with OMV (Norge) AS, which will employ the low-emission jack-up rig Maersk Intrepid to drill a high pressure, high temperature exploration well in the Oswig prospect in Block 30/5C of the Northern North Sea basin offshore Norway. The contract is expected to commence in mid-2022, and Maersk Drilling and OMV (Norge) AS are in discussions to add additional services to the scope. The contract includes a one-well option to drill the Eirik exploration well.

As the first of Maersk Drilling’s rigs to be upgraded to a hybrid, low-emission rig, Maersk Intrepid produced an initial data point showing fuel consumption and CO2 emission reductions of approximately 25% compared to the rig’s average baseline, along with NOx emission reductions of approximately 95%. The contract with OMV (Norge) AS contains an emission reduction bonus scheme based on rewarding CO2 emission reductions in addition to operational performance bonuses.

“We’re delighted that OMV once again trusts us with the exploration of their prospects and look forward to building further on the close and extremely efficient collaboration we established during Maersk Integrator’s campaign for the customer earlier this year,” says COO Morten Kelstrup of Maersk Drilling.

Maersk Intrepid 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 was delivered in 2014 and is currently operating for Equinor Energy AS offshore Norway.
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