Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) for the Maersk Viking drillship in Malaysia. The drillship will also work for PTTEP.
Shell's Malaysian subsidiaries have have executed the remaining three one-well options of the current drillship contract and awarded an additional eight-well contract to Maersk Drilling.
A five-well work scope will be novated to PTTEP for drilling and plugging and abandonment activities at the Kikeh field offshore Sabah, Malaysia, with a total estimated duration of 116 days and expected start-up of the first well in November 2022, in direct continuation of the drillship’s previous work scope.
Following completion of its work scopes with PTTEP, Maersk Viking will undergo a scheduled special periodic survey, after which the rig will start a six-well drilling campaign with SSB/SSPC. This work scope is expected to commence in Q4 2023, with an estimated duration of 281 days.
The total firm contract value of the contract extension and additional contract is around USD 153 million, including demobilisation and mobilisation fees, as well as fees for the use of managed pressure drilling on certain wells. The additional contract with SSB/SSPC contains options to add work on a total of 11 wells.
“PTTEP welcomes Maersk Drilling into our exciting 2022-23 deepwater drilling campaign, and we look forward to forging a strong partnership in Malaysia,” says Nitipong Kongpat, Head of Malaysia Wells Operations for PTTEP.
“We are thrilled to announce that Maersk Viking will continue to support Malaysian oil and gas developments for the next two years. This agreement is a testament to our great collaboration with Shell, and by coordinating the rig’s schedule across several different deepwater operators, we are driving efficiency and leveraging synergies for everyone involved.
The campaigns will allow the highly capable Viking crew to add further to their impressive operational record, which recently led to Maersk Viking being named the Shell Floater Rig of the Year, in recognition of the drillship’s outstanding performance in all aspects during its time in Brunei Darussalam,” says COO Morten Kelstrup of Maersk Drilling.
Maersk Viking is a high-spec ultra-deepwater drillship with integrated managed pressure drilling capability. The seventh generation drillship was delivered in 2013 and is currently operating offshore Malaysia.