Maersk Drilling has announced that its jack-up rig the Maersk Convincer has had its contract extended by Petronas for an additional one year period at an estimated value of USD $55 million.
The contract extension is in support of Petronas’ drilling campaign offshore Malaysia where the rig is working on High-Pressure-High-Temperature (HTHP) and Under-Balanced drilling for which the rig is ideally suited. With this extension, the rig is now on contract with Petronas into mid-November 2014.
“We are very pleased to continue our cooperation with Petronas Carigali in Malaysia, one of the leading operators in Southeast Asia. We see this contract as a further strengthening of our relationship with Petronas and we hope it can pave the way for strengthening our position in the flourishing Malaysian market,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.
Maersk Convincer is one of two Baker Marine 375ft jack-up rigs in Maersk Drilling’s fleet. The rig has been working in Southeast Asia since its delivery from Jurong Shipyard in 2008 and with Petronas Carigali since 2011