Thursday 6 December 2018

Maersk Drilling A/S and Seapulse Ltd. have signed a Master Alliance Agreement under which Maersk Drilling will provide fully integrated services, including provision of drilling rigs, related drilling services, well services, and other goods and services, for a global offshore oil & gas exploration drilling programme of 12 wells. The programme is expected to commence in mid-2019 with an expected duration of 490 days.

The programme spans shallow water and deepwater wells in several regions requiring a combination of jack-ups, semi-submersibles, and drillships. The specific rigs to be deployed during the course of the programme will be determined on basis of rig suitability and availability.

The fully integrated services will be provided on the basis of market rates with an incentive payment scheme to drive performance and provide potential upside for the parties involved in the well programme. Maersk Drilling expects to subcontract the majority of the well services.

The planning of the global exploration drilling programme will be finalised by Seapulse in conjunction with programme investors.