Topic: P&A

Maersk Drilling secures contract for drillship work in Malaysia 2024

Region: Asia Pacific
Content Types: Report
Date: Sept, 2022

viking offshore malaysia

Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) for the seventh generation drillship Maersk Viking.

SSB/SSPC 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 an expected commencement of the first well in November 2022.

Following completion of its work scope with PTTEP, Maersk Viking will undergo a scheduled periodic survey, after which the rig will commence 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 extension and additional contract is approximately US$153mn, including demobilisation and mobilisation fees, as well as fees for the use of managed pressure drilling on certain wells.

“PTTEP welcomes Maersk Drilling into our exciting 2022-23 deep-water drilling campaign, and we look forward to forging a strong partnership in Malaysia,” said 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 deep-water operators, we are driving efficiency and leveraging synergies for everyone involved,” said COO Morten Kelstrup of Maersk Drilling.