Petronas extends Maersk Convincer contract to drill offshore Malaysia

Posted on 15 July 2013

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The Maersk Convincer jackup will continue Petronas Carigali’s drilling campaign offshore Malaysia until mid-November 2014.

Maersk Drilling has received a one-year extension for the Maersk Convincer
 jackup from Petronas Carigali, putting the rig on contract with the Malaysian NOC until mid-November 2014. As part of the drilling campaign offshore Malaysia, the rig is expected to conduct high-pressure, high-temperature drilling and underbalanced drilling. The estimated value of the one-year extension is approximately US $54 million.

“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,” said Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.

With the signing of this extension, Maersk Drilling’s forward contract coverage for 2013 is now 100%. Maersk Convincer is one of two Baker Marine 375-ft jackups in Maersk Drilling’s fleet. It has been working in Southeast Asia since its delivery from Jurong Shipyard in 2008 and with Petronas Carigali since 2011.

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