Gulf Oil and Gas accountACCOUNT

Maersk Receives 2 Year Extension for the Jack-up Maersk Reacher

Source: www.gulfoilandgas.com 1/3/2014, Location: Europe

BP Norway has extended the contract for the jack-up Maersk Reacher by two years from September 2014 to September 2016. BP Norway holds options to further extend the contract by up to additional four years until September 2020. The estimated value of the two-year extension is USD 222m.

“We are very pleased with the contract extension from BP Norway. Together with the five-year firm contract for a newbuild jack-up announced in September 2013, we see the contract extension for Maersk Reacher as a further strengthening of our relationship with BP. The contract extension adds USD 222m. to our revenue backlog providing a high revenue visibility and a solid basis for our ambitious growth strategy,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller - Maersk Group.

Maersk Reacher is the fourth in a series of four high efficiency 350ft jack-ups delivered in 2008-2009. In 2011 Maersk Reacher was upgraded to comply with relevant requirements in Norwegian shelf regulation and received an Acknowledgement of Compliance enabling it to commence a three-year firm contract with BP Norway in September 2011.

Rigs >>

Rigs News in Norway >>

United Arab Emirates >>  7/9/2019 - Shelf Drilling has secured a six-month contract extension on the High Island VII jack-up rig in direct continuation of its current contract for drilli...
Thailand >>  7/5/2019 - Shelf Drilling, Ltd. (SHLF) has secured a contract for the Shelf Drilling Scepter jack-up rig with Chevron Thailand Exploration and Production, Ltd. (...

United Arab Emirates >>  7/4/2019 - Shelf Drilling, Ltd. (SHLF) has executed a two-year extension for each of the Shelf Drilling Tenacious and the Shelf Drilling Mentor in continuation o...
Azerbaijan >>  6/24/2019 - Satti, a jack-up rig of KazMunayGas sailed from Ersay port of Kazakhstan Republic and arrived in the modern marine supply and logistics base of SOCAR’...

United Kingdom >>  6/21/2019 - Maersk Drilling has completed the sale of jack-up rig Giant (formerly named M?rsk Giant) to the LOTOS Petrobaltic Group. The new owners will use the r...
Norway >>  6/19/2019 - Oil firm Lundin Norway has awarded Schlumberger a contract potentially worth more than $150 million for services on the Norwegian Continental Shelf. T...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.