Maersk, BP enter rig design pact

February 5, 2013

Maersk to develop ultra-deep rigs for 20KTM

Maersk EndurerHarsh environment jack-up Maersk Endurer

Maersk Drilling and BP announced they will jointly develop concepts for deepwater drilling rigs capable of operating in HPHT reservoirs up to 20,000 psi and 350 degrees Fahrenheit. The partnership is part of BP's multi-year initiative, Project 20KTM, which aims to develop new systems and tools for deepwater exploration and production.

“We are proud to enter into this partnership with BP and see it as recognition of Maersk Drilling’s technological achievements and competencies," said Claus V Hemmingsen, CEO at Maersk Drilling, in a press release. "The technology developed will move the boundaries of the offshore drilling industry and will enable access to resources that are inaccessible with today’s technology."

A Maersk team based in Houston will perform studies to develop designs for the Project 20KTM drilling rigs, riser, and blowout prevention equipment. BP will determine how to proceed with construction of the equipment.

Maersk said it expects the technologies to be developed will include advanced operating systems, which will aid the rig crew's situational awareness and inform decision making, as well as provide real-time monitoring of the blow out preventer. BP expects the technology could assist in accessing an additional 10-20 billion barrels of resources.



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