Equinor Energy AS has exercised the option to add development drilling of one additional well at the Martin Linge field offshore Norway to the work scope of the low-emission rig Maersk Intrepid.
Maersk Drilling’s first low-emission rig shows very promising emission reduction levels after entering operations in Norway
Maersk Intrepid's first month of operations on Martin Linge produced an initial data point of reducing fuel consumption and CO2 emissions by approximately 25% compared to the baseline average for the rig. In addition, NOx emissions were reduced by approximately 95%, an improvement from the original target of 90%.
Maersk Drilling secures 11-month extension for low-emission rig and signs Master Framework Agreement with Equinor
Maersk Drilling has been awarded a four-well extension for the low-emission jack-up rig Maersk Intrepid to continue working for Equinor offshore Norway.
Today, Maersk Drilling announces that Equinor has exercised two options of two months each for the Maersk Intrepid jack-up rig to continue working at the Martin Linge field offshore Norway. In addition, the parties have signed a further two-month extension in direct continuation of Maersk Intrepid’s current contract, which in total will keep the rig on contract until the end of August 2020. The options and extension have a total contract value of USD 60m.
Combining hybrid power, data intelligence and cleaning technology, the Maersk Intrepid will push the boundaries for low-emission drilling on conventionally powered offshore rigs.
Equinor has exercised two options of two months each for jack-up rig Maersk Intrepid. As a result, the rig is now contracted to Equinor until the end of February 2020. Two options of two months each remain undeclared on the contract.
Equinor has exercised options and added a new contract for jack-up rig Maersk Intrepid to continue supporting the development towards first oil at the Martin Linge field.