Copenhagen-based Maersk Drilling has been awarded a new contract for the jack-up rig Maersk Giant with Danish energy utility DONG Energy.

The new agreement is an extension of 150 days of work on the Nini and Siri field in the Danish part of the North Sea.

Maersk Giant contract extended with Denmark’s Dong Energy

Image: detnor

The estimated value for the signed contract is US$16 million. The agreement is in direct continuation of work with the current contractor, Talisman. According to the new signed contract, Maersk Giant will be in service until March 2016.

Claus V. Hemmingsen, CEO in Maersk Drilling and member of the Executive Board in the Maersk Group commented:

“We are very pleased to continue our good corporation with DONG Energy, one of our key customers in the North Sea. In order to navigate the low visibility in the current market, it is essential that we reduce our exposure by securing a solid contract backlog. Therefore, it is also rewarding to see that we secure employment for the Mærsk Giant, which otherwise would have been stacked.”

The Maersk Giant is one of the ultra harsh environment jack-ups in Maersk Drilling’s fleet. The rig is built in 1986, fully equipped for high-pressure, high-temperature drilling. The drilling rig is designed for year-round operation in the North Sea, in water depths up to 107m (350ft) with an available leg length below hull of 132m (435ft).