Maersk Discoverer

Oil and gas exploration and production company Kosmos Energy signed an agreement with BP and Maersk Drilling for the rig Maersk Discoverer.

Under the one well rig share agreement, it is expected to commence drilling operations on the FA-1 exploration well located in the Foum Assaka Offshore block in Morocco during the first half of 2014.

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BP will fund Kosmos’s share of the well costs, subject to an agreed maximum spend, as per the terms of the Agadir farm-out agreement with BP announced in October 2013.

The Maersk Discoverer was constructed in 2009 and is said to be a sixth generation, ultra-deepwater, dynamically positioned semi-submersible rig.

With a capacity to drill to total depths of up to 30,000ft, the rig can operate in water depths of up to 10,000ft.

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Kosmos Energy chief operating officer Darrell McKenna said the company has secured the required rig resources to execute on its exploration programme beginning in 2014, in conjunction with its long-term rig agreement for the Atwood Achiever.

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"We are pleased to have finalised the rig share agreement with BP and Maersk Drilling for this highly capable and efficient rig, currently working in the Mediterranean region," McKenna added.

The company hopes to spud the FA-1 well in the first half of 2014 based on the current schedule, and anticipates that operations will take about three months to complete. Maersk Drilling is a unit of AP Moller – Maersk Group.

Image: Maersk Drilling’s sixth generation, semi-submersible rig, Maersk Discoverer. Photo courtesy of Maersk Drilling.

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