Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 4, 2019

Maersk Drilling secures $300m contract at Ichthys field, Australia

Maersk Drilling has secured a $300m contract for its ultra-deepwater semi-submersible Mærsk Deliverer to carry out drilling work at the Ichthys gas and condensate field in the Browse Basin offshore Western Australia.

Maersk Drilling has secured a $300m contract for its ultra-deepwater semi-submersible Mærsk Deliverer to carry out drilling work at the Ichthys gas and condensate field in the Browse Basin offshore Western Australia.

The three-year contract was awarded by Inpex Australia along with its joint venture (JV) participants. The contract includes two one-year options and is expected to commence in the second quarter of next year.

The Ichthys gas and condensate field is located nearly 220km offshore Western Australia. It is said to be the largest discovery of hydrocarbon liquids in Australia in 50 years.

Maersk Drilling CEO Jørn Madsen said: “We are very pleased to have secured long-term work for Mærsk Deliverer adding significantly to our contract backlog in the floater segment.

“Inpex-operated Ichthys LNG Project is one of Australia’s largest resources projects and we look forward to supporting a successful operation for Inpex and joint venture participants.”

“Inpex-operated Ichthys LNG Project is one of Australia’s largest resources projects and we look forward to supporting a successful operation for Inpex and joint venture participants.

“With this contract award we retain a well-balanced forward coverage in the floater market with long-term contracts while maintaining exposure to a market recovery.”

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

Currently, Mærsk Deliverer, a self-propelled A1 column stabilised drilling unit, is operating at offshore Timor-Leste.

Inpex began gas production from the project following the completion of final safety verifications in July 2018. The company’s Oceanic Breeze tanker delivered first liquid natural gas (LNG) from the Ichthys project to Japan in February 2019.

During peak production, Ichthys LNG Project is estimated to deliver around 8.9 million tonnes of LNG and 1.6 million tonnes of LPG per annum as well as approximately 100,000 barrels of condensate per day.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU