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    1. Drilling & Completion

    Tullow provisionally books Maersk drillship for multiple wells offshore Ghana

    Feb. 4, 2021
    Maersk Drilling has a conditional letter of award from Tullow Oil concerning next-phase development drilling at the Jubilee and TEN fields offshore Ghana.
    (Courtesy Maersk Drilling)
    The drillship Maersk Venturer.
    The drillship Maersk Venturer.

    Offshore staff

    LYNGBY, Denmark – Maersk Drilling has a conditional letter of award from Tullow Oil concerning next-phase development drilling at the Jubilee and TEN fields offshore Ghana.

    The company will supply the ultra-deepwater drillship Maersk Venturer and additional services for the four-year campaign, expected to start this spring.

    The estimated value of the final contract is around $370 million, excluding additional services provided plus performance bonuses.

    Local partner Rigworld will support the contract, which has a progressive day rate structure for the full duration. But after the initial 18-month period, there is a provision to switch to a market-linked day rate structure.

    The final contract is conditional upon certain regulatory conditions being met. Maersk Drilling will publish an announcement upon conclusion of a final contract.

    The Maersk Venturer, a 7th generation drillship delivered in 2014, is currently warm-stacked in Las Palmas, Canary Islands, having finished another campaign for Tullow in Ghana in 2020.

    02/04/2021