Dana Petroleum cancels one-well contract with Maersk Drilling

Maersk Drilling has received notice of early termination for convenience of a one-well contract with Dana Petroleum Denmark B.V.

The contract was first announced in Maersk Drilling’s May 2020 Fleet Status Report. Maersk Drilling expects to receive compensation in the form of a termination fee. The contract had previously been deferred from the date of originally expected commencement.

Maersk Drilling has also announced that it has been awarded a contract from Spirit Energy for the harsh-environment jack-up rig Maersk Resolve to drill one development well at Grove North East in the UK North Sea. The contract is expected to commence in March 2021, with an estimated duration of 131 days. The firm contract value is approximately US$11.3 million, including additional services, mobilisation and demobilisation. The contract includes an option to add plugging and abandonment of one well.

“We’re excited to be able to build on our relationship with Spirit Energy with our first UK well for the customer, for whom we previously completed a highly successful subsea development campaign in Norway. We will surely be able to continue our close collaboration and mutual focus on operational excellence, and in addition the campaign at Grove will benefit from Maersk Resolve’s experience with safely and efficiently drilling challenging Zechstein formations as part of the rig’s latest assignment in Dutch waters,” said COO Morten Kelstrup of Maersk Drilling.

Maersk Resolve is a 350 ft, Gusto-engineered MSC CJ50 high-efficiency jack-up rig which was delivered in 2009. It completed a campaign offshore the Netherlands in October 2020 and is currently warm-stacked in Esbjerg, Denmark.

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