Norwegian oil company Aker BP has awarded a contract to Danish offshore drilling firm Maersk Drilling to provide the Maersk Reacher, an ultra-harsh environment jack-up rig.
Maersk Drilling will reactivate the Maersk Reacher jack-up rig, which is currently warm-stacked in Frederikshavn, Denmark.
The rig will be used by the oil firm to support well intervention, stimulation and accommodation activities at the Valhall field located in the southern part of the Norwegian part of the North Sea.
Aker BP is planning to produce another billion barrels over the next 40 years from the field, which has already produced more than one billion barrels of oil equivalent since its commissioning. The Valhall field commenced production in 1982.
The nine-month contract, which is effective from July, is valued at approximately $33.4m.
The contract provides options for the addition of up to 90 days of intervention work at the Valhall field
The Maersk Reacher rig is contracted by Aker BP under the frame agreement signed in 2017 with Maersk Drilling.
Maersk Drilling chief operating office Morten Kelstrup said: “We’re delighted to get this contract which will see Maersk Reacher return to Valhall where it was last in service as an accommodation rig.
“This new contract to assist with well intervention, stimulation and accommodation will not utilise the full drilling capabilities of the rig, but we’re confident that we can build on our experience with the Aker BP Jack-up Alliance and work to deliver increased efficiency also in this context.”
Maersk Drilling claimed that the rig will be reactivated with a specific focus on delivering ‘efficient’ well intervention and stimulation set-up.
Aker BP Drilling & Wells senior vice-president Tommy Sigmundstad said: “We will play to the strengths of the Intervention and Stimulation Alliance and the Jack-up Alliance to jointly bring well interventions’ efficiency to the next level.”
The Maersk Reacher rig completed its previous contract offshore Norway in April.