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Total contracts Maersk Drilling for two-rig campaign offshore Suriname

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Maersk Drilling has received a Conditional Letter of Award (CLOA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58.

Maersk Drilling said the campaign is expected to commence in early 2021, with an estimated firm combined duration of 500 days. The estimated firm total contract value is approximately US$100 million, including rig upgrades and integrated services provided.

The CLOA is conditional upon finalisation of the formal contract as well as certain other customary conditions. Maersk Drilling will provide an update upon conclusion of a formal contract.

“We’re delighted to get this opportunity to add further to our long-standing relationship with Total through a two-rig contract, building on our previous collaboration on deepwater exploration projects and on Maersk Drilling’s recent experience with starting up operations in Suriname for Mærsk Developer,” said Maersk Drilling COO, Morten Kelstrup.

The Mærsk Developer is a DSS-21 column-stabilised dynamically positioned semi-submersible rig, able to operate in water depths up to 10,000 ft. It was delivered in 2009 and is currently operating offshore Suriname. The Maersk Valiant is a high-specification 7th generation drillship with integrated MPD capability which was delivered in 2013. It is currently warm-stacked in Aruba after finishing a campaign in Mexico earlier this year.

Maersk Drilling had announced earlier this year that it had secured a contract for the Mærsk Developer to be employed by PETRONAS for a one-well exploration campaign in Block 52 offshore Suriname, to commence in Q3/Q4 2020. The contract duration was estimated at 75 days.

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