Maersk Drilling and Aker BP sign major contract

Posted On September 12th, 2018 - 2:26 pm | by Oil and gas press

Maersk Drilling and Aker BP have agreed to a one-year contract to deploy high-performance rig Maersk Integrator on the Norwegian shelf from June 2019. The contract is founded on the alliance that the parties entered into in 2017.

The Maersk Integrator will become the first rig to be contracted fully under the scope of the alliance between Aker BP, Maersk Drilling and Halliburton. When the high-performance jack-up rig finishes its current campaign on Gina Krog in June 2019, it will go directly to Ula for a new one-year assignment with Aker BP.

The tripartite alliance was announced last year and focuses on working in collaborative relationships which maximise value for all parties involved. This is established in contracts using a shared incentives model, thereby securing mutual commitment to reduce waste and deliver value. The contracts are based on market-rate terms but add the possibility of a sizeable upside for all parties, based on actual delivery and performance.

Source / More : Aker BP

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