Maersk Drilling secures one-well extension for low-emission rig with EquinorEquinor Energy AS has exercised the option to add development drilling of one additional well at the Martin Linge field offshore Norway to the work scope of the low-emission rig Maersk Intrepid. The contract has an estimated duration of 80 days, with work expected to commence in September 2021 in direct continuation of the rig’s current work scope. The contract value of the extension is approximately USD 29.5m, including integrated services provided, but excluding potential performance bonuses.

The contract extension is entered under the Master Framework Agreement between Equinor and Maersk Drilling, in which the parties have committed to collaborate on technology advancements and further initiatives to limit greenhouse gas emissions. As the first of Maersk Drilling’s rigs to be upgraded to a hybrid, low-emission rig, Maersk Intrepid in late 2020 produced an initial data point of reducing fuel consumption and CO2 emissions during drilling operations by approximately 25%, compared to the baseline average for the rig, while NOx emissions were reduced by approximately 95%. The contract with Equinor Energy AS contains a performance bonus scheme based on rewarding reduced CO2 and NOx emissions.

“We’re thrilled to add this additional work scope where Maersk Intrepid will again be utilising Managed Pressure Drilling to safely and efficiently deliver a high-pressure, high-temperature well at Martin Linge. Our collaboration with Equinor is focused on cost efficiency and responsible, low-emission drilling, and we look forward to continuing the journey we’ve started with Maersk Intrepid’s very promising first results within emissions reductions,” says COO Morten Kelstrup of Maersk Drilling.

About Maersk Intrepid

Maersk Intrepid is an ultra-harsh environment CJ70 jack-up rig, designed for year-round operations in the North Sea and featuring hybrid, low-emission upgrades. It was delivered in 2014 and is currently operating at Martin Linge for Equinor Energy AS.

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.

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.