Maersk Drilling and Seapulse have signed a Master Alliance Agreement below which Maersk Drilling will present absolutely built-in companies, together with provision of drilling rigs, associated drilling companies, effectively companies, and different items and companies, for a worldwide offshore oil & gasoline exploration drilling programme of 12 wells. The programme is anticipated to begin in mid-2019 with an anticipated period of 490 days.
The programme spans shallow water and deepwater wells in a number of areas requiring a mix of jack-ups, semi-submersibles, and drillships. The particular rigs to be deployed throughout the course of the programme shall be decided on foundation of rig suitability and availability.
The absolutely built-in companies shall be offered on the idea of market charges with an incentive fee scheme to drive efficiency and supply potential upside for the events concerned within the effectively programme. Maersk Drilling expects to subcontract the vast majority of the effectively companies.
“This alliance is a key instance of a completely built-in service supply mannequin geared toward eliminating inefficiencies by aligning incentives and eradicating complexity throughout all the worth chain. This permits Maersk Drilling to leverage our confirmed observe document of delivering wells safely and effectively – thereby mitigating operator value threat while sharing within the business upside of the programme. The bold international drilling programme will utilise Maersk Drilling’s younger and versatile fleet of drilling rigs to discover an intensive prospect portfolio,” says Jørn Madsen, CEO of Maersk Drilling.
“The Seapulse enterprise mannequin has the promise to be transformational for the oil and gasoline trade, by optimising the dangers and rewards related to exploration drilling. Our technique leverages Maersk Drilling’s technological and operational experience, while giving entry to a cherry-picked international prospect portfolio, making a sustainable strategy to offshore exploration. Seapulse’s sturdy monetary backing offers us the crucial benefit of having the ability to drill and take a look at a statistically de-risked exploration portfolio usually solely related to super-major oil firms,” added Scott Aitken, CEO and co-founder of Seapulse.
The planning of the worldwide exploration drilling programme shall be finalised by Seapulse at the side of programme buyers.
(Source and picture: Maersk Drilling/UDW drillship Maersk Viking)

The submit MAERSK DRILLING AND SEAPULSE SIGN MASTER ALLIANCE AGREEMENT appeared first on Energy Global News.

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