LYNGBY, Denmark – Halliburton and Petrofac will collaborate on an exploration program to be delivered under Maersk Drilling’s master alliance agreement with Seapulse.
Maersk Drilling is providing fully integrated drilling services, including rigs and all related services for a global offshore oil and gas exploration program.
Under the new agreements, Petrofac will deliver well management services, including project and supply chain management support for shallow water and deepwater wells, while Halliburton will be responsible for integrated well services.
Seapulse’s portfolio includes shallow water and deepwater wells in several regions. Two wells in the UK North Sea are due to start drilling in the second half of 2020.
Morten Kelstrup, COO of Maersk Drilling, said the fully integrated service delivery model was aimed at eliminating inefficiencies “by aligning incentives and removing complexity across the entire value chain.
“Halliburton and Petrofac bring strong operational expertise and decades of experience in delivering and integrating oilfield services, which will further contribute to the ability to mitigate the operator cost risk associated with exploration drilling whilst we foster new ways of collaborating across the supply chain.”
“This collaborative model aligns with and leverages Halliburton’s proven integration approach that creates value for our global customers both on- and offshore,” said Steve Haden, senior vice president of Halliburton Project Management.
Scott Aitken, CEO of Seapulse, added: “The Seapulse business model leverages Maersk Drilling’s partnerships’ technological and operational expertise to drill and test a statistically relevant exploration portfolio of a scale normally only associated with major oil companies.”