In direct continuation of its current program in the Norwegian North Sea, the rig will relocate to the Tambar field to drill the K-2B development well.
The program should start in February 2021 with an estimated duration of 73 days. Value of the contract is close to $18.5 million, excluding integrated services and a potential performance bonus. Aker BP has contracted the rig under a frame agreement with Maersk Drilling that took effect in 2017 via a jackup alliance that also includes Halliburton.
The three companies follow a shared incentives model, with a commitment to collaborate and support digital initiatives. Alliance contracts are based on market-rate terms but with upside potential based on actual delivery and performance. The Maersk Integrator has been working recently on the Ula field and is presently undergoing upgrades to further reduce CO2 emissions associated with drilling.
It is due to start work for Aker BP on the Ivar Aasen field next month.