Aker BP signs $1bn agreement with Maersk Drilling for two jack-up rigs

Aker BP will use the Maersk Integrator and Maersk Invincible jack-up rigs from mid-2023 to end-2027.

The Maersk Integrator ultra-harsh environment CJ70 XLE jack-up rig at sea. Credit: Maersk Drilling.

Norwegian oil firm Aker BP has signed a five-year frame agreement, worth $1bn, with Maersk Drilling for two oil ultra-harsh environment jack-up rigs.

The extended drilling agreement allows Aker BP to use the oil rigs – Maersk Integrator and Maersk Invincible, for multiple operations offshore Norway.

Aker BP plans to use the rigs during period from mid-2023 to end-2027.

Maersk Drilling CEO Jørn Madsen said: “Working in such a collaboration has long since proved its worth by setting new standards for what is achievable in offshore drilling, producing remarkable efficiency gains in many stages of drilling campaigns and in this way adding significant value creation for all parties involved.”

Furthermore, the agreement includes provision for integrated services and performance bonus schemes.

Aker BP Drilling & Wells senior vice-president Tommy Sigmundstad said: “This commitment by Aker BP to renew the frame agreement with Maersk and a long-term horizon for both the Maersk Invincible and Maersk Integrator reflects the value of our relationship, as we work together with our strategic partners to reduce waste and carbon footprint whilst lowering the cost per barrel.

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“Strategic alliances in addition to the digitalisation strategy are key enablers to our ambitious improvement agenda.”

Maersk Drilling also agreed to upgrade the Maersk Invincible jack-up rig with hybrid, low-emission upgrades.

Designed to operate on shore power, the Maersk Invincible ultra-harsh environment CJ70 XLE jack-up rig is currently operating for Aker BP offshore Norway.

Featuring hybrid, low-emission upgrades, the Maersk Integrator ultra-harsh environment CJ70 XLE jack-up rig recently completed a drilling campaign for Aker BP.

It is currently warm-stacked in Åmøyfjorden outside Stavanger, Norway.

Earlier this year, Aker BP awarded front-end engineering and design (FEED) contracts, for the development of the NOA Fulla field on the Norwegian Continental Shelf.