Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil.

The contract is expected to commence in the first half of 2022, with a firm duration of 110 days. The value of the firm contract is approximately USD 34m, including rig modifications and a mobilisation fee. The contract contains options to add up to 150 days of drilling work at the Patola and Neon fields.

“We’re delighted to enter into this contract with a new customer in the form of Karoon which will also see one of our drilling rigs operating offshore Brazil for the first time ever. We’re looking forward to entering this major offshore market and to working closely together with the Karoon team on the safe and efficient delivery of the workover at Baúna and potential development of Patola,” says COO Morten Kelstrup of Maersk Drilling.

Karoon Energy’s Chief Executive Officer and Managing Director, Dr Julian Fowles commented that “Karoon is delighted to have signed this important contract and looks forward to working closely with Maersk Drilling”.

Mærsk Developer is a DSS-21 column-stabilised dynamically positioned semi-submersible rig, able to operate in water depths up to 10,000 ft. It was delivered in 2009 and is currently operating offshore Suriname.

About Maersk Drilling A/S

Maersk Drilling designs, develops and operates a global fleet of advanced drilling rigs using cutting-edge technology and know-how. Our modern fleet counts 24 drilling rigs including drillships, deepwater semi-submersibles and high-end jack-up rigs. We create value with our customers through a unique service delivery concept where we customise safe, efficient and consistent drilling services. We build our service around our highly skilled and committed workforce, our state of the art offshore drilling rigs and our 40 years of experience operating in the most challenging.

About Karoon Energy

Karoon Energy Ltd (Karoon) is a global oil and gas exploration and production company headquartered in Melbourne, Australia, with country offices in Brazil and Peru.

Karoon was listed on the Australian Securities Exchange (‘ASX’) on 8th June 2004 (ASX code: KAR) with a market capitalisation of A$8 million. Since listing, Karoon has acquired a global portfolio of oil and gas exploration assets.