PHOTOS: Maersk Drilling Rig Named in South Korea

Published at 10:26AM - 15/10/16

Maersk Drilling rig Maersk Invincible, the fourth XL Enhanced ultra-harsh environment jack-up, was named on Friday morning at a ceremony held at Daewoo Shipbuilding and Marine Engineering’s (DSME) shipyard in South Korea.

The jack-up rig is the fourth and final rig in a series of four ultra-harsh environment jack-up rigs in Maersk Drilling’s fleet.

“With the naming of our fourth XLE jack-up, we are nearing the end of a newbuilding era for Maersk Drilling. Maersk Invincible will be the final XLE rig to enter our fleet,” Maersk Drilling CEO Claus V. Hemmingsen, said.

PHOTOS: Maersk Drilling Rig Named in South Korea

Overall, the four jack-ups represent a total investment of US$2.6 billion (£2.13 billion), the company informed in a statement.

The first three have already been delivered from the Keppel FELS shipyard, while the Maersk Invincible should be delivered by DSME in the end of this year.

PHOTOS: Maersk Drilling Rig Named in South Korea
Maersk Drilling’s Maersk Invincible Naming Ceremony

After delivery, the rig will be mobilised to work in the North Sea, starting a five-year contract with BP Norge for plug and abandonment work on the Valhall field.

The contract, with an estimated value of US$812 million (£666.3 million), includes the rig’s mobilisation from South Korea to the Norwegian North Sea.

Maersk Drilling Ends Series of World’s Largest Rigs

“These highly advanced drilling rigs enable us to provide safe and efficient drilling operations to our customers on the Norwegian market and with the addition of Maersk Invincible, we will further strengthen our market leading position in Norway,” Hemmingsen added.

“We look forward to working closely together with BP Norge on the Valhall field. I am confident that Maersk Invincible will live up to her name when she commences operation,” he stated further.

With a leg length of 678 feet, the rigs are the world’s largest, designed for year-round operations in the North Sea, in water depths up to 492 feet.

PHOTOS: Maersk Drilling Rig Named in South Korea
Maersk Drilling’s Maersk Invincible Naming Ceremony