LYNGBY, Denmark – Maersk Drilling has a conditional letter of award from Tullow Oil concerning next-phase development drilling at the Jubilee and TEN fields offshore Ghana.
The company will supply the ultra-deepwater drillship Maersk Venturer and additional services for the four-year campaign, expected to start this spring.
The estimated value of the final contract is around $370 million, excluding additional services provided plus performance bonuses.
Local partner Rigworld will support the contract, which has a progressive day rate structure for the full duration. But after the initial 18-month period, there is a provision to switch to a market-linked day rate structure.
The final contract is conditional upon certain regulatory conditions being met. Maersk Drilling will publish an announcement upon conclusion of a final contract.
The Maersk Venturer, a 7th generation drillship delivered in 2014, is currently warm-stacked in Las Palmas, Canary Islands, having finished another campaign for Tullow in Ghana in 2020.