Maersk Drilling secures four-well intervention contract for ‘Mærsk Developer’ in Brazil

Source: press release, 20 April 2021

‘Mærsk Developer’ is a DSS-21 column-stabilised dynamically positioned semi-submersible rig
‘Mærsk Developer’ is a DSS-21 column-stabilised dynamically positioned semi-submersible rig (photo: Maersk Drilling)

Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. The contract is expected to commence in the first half of 2022, with a firm duration of 110 days. The value of the firm contract is approximately USD 34 million, including rig modifications and a mobilisation fee. The contract contains options to add up to 150 days of drilling work at the Patola and Neon fields.

“We’re delighted to enter into this contract with a new customer in the form of Karoon which will also see one of our drilling rigs operating offshore Brazil for the first time ever. We’re looking forward to entering this major offshore market and to working closely together with the Karoon team on the safe and efficient delivery of the workover at Baúna and potential development of Patola,” says COO Morten Kelstrup of Maersk Drilling.

Karoon Energy’s Chief Executive Officer and Managing Director, Dr Julian Fowles comments that “Karoon is delighted to have signed this important contract and looks forward to working closely with Maersk Drilling.”

Mærsk Developer is a DSS-21 column-stabilised dynamically positioned semi-submersible rig, able to operate in water depths up to 10,000 feet. It was delivered in 2009 and is currently operating offshore Suriname.