Maersk Drilling announced today the signing of a two-year, $100 million contract with Addax Petroleum for the jack-up rig Maersk Endurer in Cameroon.
Addax Petroleum is a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. Expected contract commencement is late October 2012.
“We are pleased to have signed this contract with a very experienced operator in West Africa, which is a priority market to us due to its significant resources and importance to the global oil and gas supply,” says Martin Fruergaard, Chief Commercial Officer in Maersk Drilling.
The Maersk Endurer is a harsh environment jack-up. It was acquired by Maersk Drilling in 1996 and significantly refurbished and upgraded for work on the challenging Shearwater field in the UK Sector of the North Sea. The extensive modification scope covered, amongst others, a new accommodation block, new drillfloor/derrick and full compliance for HPHT operations.
Want to know more about the Maersk Endurer? click HERE.