Equinor Extends Contract for Maersk Intrepid Rig

Posted by Michelle Howard
Friday, October 12, 2018

Norway's Equinor has awarded Maersk Drilling AS a five-month contract for the Maersk Intrepid rig to provide operational support on the Martin Linge field in the North Sea. Two extension options will also be exercised, and four new options will be added.

Maersk Intrepid initially had a contract for operational support for the Martin Linge licence until April 2019. Equinor has chosen to exercise two one-month options, and then start a new contract from June 1 to October 31, 2019.

In addition, Maersk Intrepid will get four new two-month extension options. The value of the fixed part of the new contract is assessed at $40 million.

The jack-up rig will mainly be used to add bed capacity on the field, but may also be used for drilling-related tasks.

“This is capacity we need at Martin Linge for commissioning tasks and efficient work towards production start-up,” said Jan Einar Malmin, project director for Martin Linge.

Categories: Contracts Rigs Jackup Offshore Energy Drilling Industry News Europe Oil

Related Stories

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

Valeura Concludes Nong Yao Drilling Ops, Boosts Gulf of Thailand Production

Capricorn Energy Grants Third Extension for Potential Takeover Offer

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Energean Cuts 2026 Output Forecast After Israel Shutdown

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Velesto Secures Malaysia Drilling Deal with Hibiscus

Current News

SLB to Support Kuwait Oil's AI and Digital Tech Initiative

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

SBM Offshore, SWS Sign Deal for Seventh FPSO Hull

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Oil Holds Steady After US, Iran Agree to Cease Attacks

Floating Nuclear: A New Offshore Energy Frontier

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com