Smarter Drilling for Better Value

Over the years our drilling industry has not seen the time and cost to deliver an offshore well
significantly, consistently and sustainably reduce. Smarter Drilling for Better Value is our response to
the need for ever more efficient well delivery.

Efficient Well Delivery

At Maersk Drilling, we are not just focused on our own drilling scope, but we look across our customers' project and well plans to find ways to deliver the wells as efficiently as possible. We do this looking at four drivers of value. We look for ways to Increase Certainty. We look for ways to Reduce Time. We look for ways to Reduce Waste. And we look for ways to Reduce Emissions.

Increase Certainty

This driver is certainly about operational excellence. But it’s more than that. It’s also about identifying early on the specific risks for our customer's project and finding ways to mitigate them. Thirdly, it’s about the opportunity for customers to get greater financial certainty.

Reduce Time

We can reduce time spent on the well without any compromise on safety or quality by maximising the use of the rigs capabilities and applying lessons learned from previous campaigns. Imagine the potential savings when we consistently reduce time on well delivery.

Reduce Waste

We are committed to reducing waste. By this we mean wasted costs and efforts from inefficient use of resources. We have a number of services and products aimed specifically for this, but more than that, our One Team approach always reduces waste through smarter resource management, improved interfaces and better integrations between partners.

Reduce Emissions

We are all under increasing pressure to show that we are reducing emissions on projects. Our commitment to a 50% reduction of our carbon intensity by 2030 is to date the most ambitious climate target in the offshore drilling contractor industry. Customers can work towards their sustainability goals by holding us accountable to live up to ours.

The foundation

The concept of providing Smarter Drilling for Better Value needs to be built on a solid foundation of trust. Earning this trust is directly linked to our ability to deliver wells safely – without exception – and to the strength of our Values that underpin the efficient delivery of each and every well. That is why the drivers stand on a pillar of Safety and Our Values.

Read about our values

Challenges that Smarter Drilling for Better Value addresses

Project specific risks

We are always looking at the entire well delivery and not just our own scope. When we are approached early in a project we have a track-record of identifying risks, finding solutions, and then delivering on them.

Financial uncertainty

We can offer outcome-based business models even for individual wells. We have cases where we have offered projects on lump sum basis, including weather and rig move risks. Only very limited areas of uncertainty remain with our customers.

Time spent on well

We always look to optimize performance. When consulted at an early stage, we can maximise the use of the rigs capabilities and applying lessons learned from previous campaigns.

Emissions

Customers can work towards their sustainability goals by holding us accountable to live up to ours. In our view, reducing time is the most overlooked lever for reducing emissions, which is why efficient well delivery is the core of Smarter Drilling for Better Value.

Together, we can elevate

The energy industry is a crucial catalyst for modernising and developing our society. But the world is rapidly changing, and we must all adapt. Together, we must continue to push the boundaries for delivering more efficient wells. That’s Smarter Drilling for Better Value.

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Who We Are

What We Do

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