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Maersk Drilling secures contract to provide drillship for Total

Maersk Drilling has secured a $44m contract with Total for the company’s Maersk Venturer drillship.

Under the contract, the rig will drill one exploration well with an estimated duration of 120 days in block 14 offshore Uruguay.

Maersk expects the drilling programme to begin in March 2016.

Maersk Drilling CEO Claus Hemmingsen said: “Total is a highly valued customer of Maersk Drilling, and we are very pleased with being selected by Total to drill their first exploration well offshore Uruguay.”

“With this contract, we continue to build our contract backlog and secure work for our rigs and people, which is very encouraging in this challenging market.”

Maersk Venturer is the third in a series of four ultra deepwater drillships in company’s fleet, which represent a total investment of $2.6bn.

The other three drillships have secured long-term contracts.

The latest contract follows the Maersk’s $110m contract won in September 2015 for the jack-up rig Maersk Resilient with Danish oil company Maersk Oil.

Maersk rigs feature dual derrick and large subsea work and storage areas and their design allows for better well construction, in addition to field development activities through offline activities.

They are integrated with advanced positioning control system and maintain a fixed position in severe weather conditions automatically with waves of up to 11m along with wind speeds of up to 26m per second.

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