COPENHAGEN, Denmark – BP Norway has extended the contract for the jackup Maersk Reacher by two years from September 2014 to September 2016.
Estimated value of the extension is $222 million, and BP Norway has options to prolong the contract by up to four more years until September 2020.
Kosmos Energy has arranged a rig-share with BP and Maersk Drilling for the semisubmersibleMaersk Discoverer.
The rig is expected to start drilling the FA-1 exploration well on theFoum Assaka block offshore Morocco during the first half of this year. The well is estimated to take around three months to complete.
According to partner Fastnet, the Foum Assaka concession could hold 360 MMboe of Pmean resources.