Equinor extends ‘Maersk Intrepid’ contract

Source: press releases, 12 October 2018

The ‘Maersk Intrepid’ jack-up rig
The ‘Maersk Intrepid’ jack-up rig (photo: Maersk Drilling)

Equinor has awarded Maersk Drilling AS and the Maersk Intrepid rig a 5-month contract for operational support on the Martin Linge field. 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 now chosen to exercise two 1-month options, and then start a new contract from 1 June to 31 October 2019.

In addition, Maersk Intrepid will get four new 2-month extension options. The value of the fixed part of the new contract is assessed at USD 40 million.

The jack-up rig will mainly be used to add bed capacity on the field, but it 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,” says Jan Einar Malmin, project director for Martin Linge.

Maersk Intrepid is an ultra-harsh environment XL Enhanced jack-up rig which was the world’s largest jack-up when it was launched in 2014. It has been deployed in Norwegian waters ever since, with a track record which in addition to Martin Linge includes work on the Sleipner and Hanz fields.

“We are proud to see Maersk Intrepid get the opportunity to continue on Martin Linge and contribute to the expected opening of production on the field in 2020. Equinor is a highly valued customer to Maersk Drilling, and it’s great to be able to continue our long-standing cooperation with this renewed commitment. Equinor continues to move the boundaries within the industry with new technologies, and we believe our modern rigs are a vital part of being able to deliver this,” says CCIO Morten Kelstrup of Maersk Drilling.