Aker BP enters two offshore drilling alliances

23 November 2017 (Last Updated November 23rd, 2017 11:25)

Norwegian company Aker BP has signed two separate five-year agreements to form drilling and well alliances in a bid to increase productivity, quality, flow and time efficiency throughout the value chain. 

Aker BP enters two offshore drilling alliances
From left: Maersk Drilling CEO Jørn Madsen, Halliburton Eastern Hemisphere president Joe Rainey, Aker BP CEO Karl Johnny Hersvik and Odfjell Drilling CEO Simen Lieungh. Credit: © Aker BP.

Norwegian company Aker BP has signed two separate five-year agreements to form drilling and well alliances in a bid to increase productivity, quality, flow and time efficiency throughout the value chain.

The company has formed one alliance with Maersk Drilling and Halliburton for jack-ups, while the other alliance agreement was signed with Odfjell Drilling and Halliburton for semi-submersibles.

Aker BP Drilling & Wells senior vice-president Tommy Sigmundstad said: “The drilling and 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 digitalisation strategy are key enablers to our improvement agenda.”

The two alliances will plan and carry out sanctioned production and exploration drilling activities by using an integrated well delivery model.

“The drilling and wells alliances will further strengthen our ‘one team’ approach and enhance integration and productivity along the value chain.”

Under the deal, Halliburton will provide Aker BP’s well construction activities by using a jack-up (Maersk) or semi-submersible (Odfjell) drilling unit, provided the model is approved in the respective licences.

Maersk Drilling CEO Jørn Madsen said: “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 utilising our high-performance jack-ups as a platform to implement digital solutions to improve drilling efficiency and lower total well cost for Aker BP.”

Landmark and Halliburton Digital Solutions senior vice-president Nagaraj Srinivasan said: “Our digital well programme 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.”

The framework agreements also have an option of another five-year extension.