Maersk rig hired for drilling in Mexico

Maersk rig hired for drilling in Mexico

11-02-2019 12:00:00

The oil and gas company Cairn Energy has signed a contract with Maersk Drilling for renting the semi-submersible drilling rig Maersk Developer for a drilling program of the coast of Mexico. The contract is for 110 days and will begin in September 2019.

Cairn are able to extend the contract for an additional four wells. This would mean that the rig, which was build in 2009, would be occupied until June 2020.

As of now, Maersk Drilling has not made the financial details of the contract public, but the Norwegian ship broker company Bassoe Offshore has estimated it to be of 150.000 US dollars.
In January this year, Cairn informed that they were going to drill three wells offshore in Mexico in 2019, of these they would be the operators of two of the projects.

In Block 9, where Cairn will act as operators, the drilling operation of the first well is expected to begin in the third quarter, followed by the second well in the fourth quarter of 2019. In Block 7 the drilling is expected to begin in the third quarter of 2019. Cairn owns 30 percent of this well.

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