BSP exercises contract extension option for Maersk Convincer rig

31 August 2020 (Last Updated August 31st, 2020 15:09)

Danish offshore drilling rig operator Maersk Drilling has secured a 20-month extension for the Maersk Convincer jack-up rig with Brunei Shell Petroleum Company (BSP).

BSP exercises contract extension option for Maersk Convincer rig
Maersk Convincer is a Baker Pacific Class 375 cantilever rig. Credit: MAERSK DRILLING.

Danish offshore drilling rig operator Maersk Drilling has secured a 20-month extension for the Maersk Convincer jack-up rig with Brunei Shell Petroleum Company (BSP).

The contract extension option exercised by BSP for the Maersk Convincer allows the rig to continue operating offshore Brunei until 2022.

According to the Danish rig operator, the extension has an expected duration of 602 days.

Currently, the rig is in operation at the Seria field offshore Brunei Darussalam.

It is expected to start in May next year in direct continuation of the jack-up rig’s current work scope.

Maersk Drilling COO Morten Kelstrup said: “We’re delighted to firm up this long-term extension for Maersk Convincer which is a confirmation of the strong and productive collaboration that has been established between the customer and the rig team.

“The rig has again and again delivered brilliant operational excellence for BSP, including a strong focus on safety and successful efforts to reduce fuel consumption and thereby limit the rig’s carbon footprint. We look forward to continuing this outstanding partnership”.

Delivered in 2008, Maersk Convincer is a Baker Pacific Class 375 cantilever rig that is designed for year-round operation.

Recently, Maersk Drilling secured another one-well contract from Aker BP for the ‘Maersk Integrator’ ultra-harsh environment CJ70 XLE jack-up rig.

The company reported half yearly revenue of $584m this year, compared to $623m registered in 2019 H1.