Drillship Work Secured For Maersk Drilling Venturer

Published at 06:14PM - 01/12/15

Offshore drilling contractor, Maersk Drilling, have confirmed the award of a contract with French oil and gas major Total for work offshore Uruguay.

The contract will see Maersk Drilling supply their state-of-the-art drillship Maersk Venturer. The drillship, launched in 2014, is one of four in Maersk Drilling’s fleet. The other three have all secured longterm contracts.

French oil and gas major Total, plans to drill an exploration well, in the Uruguayan license block 14, approximately 155 miles (250 km) off the cost. The licence is 100% owned and operated by Total.

The planned work is set to start in March 2016, and is estimated to take a duration of 120 days, bringing in the initial cost of the lease at US$44 million. 

Speaking on the contract award, Maersk Drilling CEO, Claus V. Hemmingsen, said: “We have collaborated and partnered with Total many times over the years. Total is a highly valued customer of Maersk Drilling, and we are very pleased with being selected by Total to drill their first exploration well offshore Uruguay,”

“With this contract, we continue to build our contract backlog and secure work for our rigs and people, which is very encouraging in this challenging market.”

Maersk Venturer

The Maersk Venturer can operate in water depths down to 3,600 m (12,000 ft), and drill oil and gas wells to a depth of 12,000 m (40,000 ft).

The duel derrick drillship has been designed to operate in harsh weather, and boasts the capability of being able to stay on station and maintain a fixed position even in seas with waves of 11 meters and winds up to 26 meters per second.