Maersk Drilling has signed a one-year contract to deploy its Maersk Integrator jack-up rig on the Norwegian shelf next year for oil firm Aker BP.

The contract is based on an alliance set up by the two firms and Halliburton in 2017.

Maersk Drilling CEO Jørn Madsen said: “This contract really symbolises the close working relationship between Aker BP and Maersk Drilling that we established in late-2017.

“This is the first contract fully founded on our alliance framework. With shared incentives, all parties will work as one team towards delivering safe and efficient operations at the lowest possible well cost.”

Maersk Integrator is an XL Enhanced ultra-harsh environment jack-up rig that has been customised to operate in the North Sea.

The rig is currently deployed at the Gina Krog field on the Norwegian shelf where it has been engaged in a drilling campaign since June 2015.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

After completion of its work in June next year, the rig will move south to the Ula field where it will be deployed for Aker BP.

Halliburton will work as service provider for the new campaign as an integral part of the alliance.

“We will truly see the value of our alliance as we work together to reduce waste and lower the cost per barrel on Ula.”

Aker BP drilling and wells senior vice-president Tommy Sigmundstad said: “With this contract, we will truly see the value of our alliance as we work together to reduce waste and lower the cost per barrel on Ula.

“The collaboration between our companies is under continuous development due to the alliance, and we expect to gain more and more mutual benefits from working together in new and innovative ways.”

With the recent contract, Maersk Drilling has added a total of 2,373 days and $313m to its backlog in 2018.

The three-party alliance seeks to reduce the cost per barrel, and boost profitability and efficiency for the partners through digital solutions, and standardisation and simplification of processes.

Focusing on working in collaborative relationships, the alliance will work on contracts with a shared incentives model to reduce waste and offer value.

Based on market-rate terms, the contracts would provide the likelihood of a sizeable upside for all parties, depending on actual delivery and performance.