Total inks Maersk Venturer deal

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Image: Maersk Venturer/ Maersk Drilling

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay. The estimated contract value for the program is US $44 million excluding mobilization. The drilling program is expected to commence in March 2016.

Maersk Venturer is the third in a series of four ultra deepwater drillships in Maersk Drilling’s fleet. The four drillships represent a total investment of $2.6 billion. The other three drillships have all secured long-term contracts.

Featuring dual derrick and large subsea work and storage areas, the design allows for efficient well construction and field development activities through offline activities. With their advanced positioning control system, the ships automatically maintain a fixed position in severe weather conditions with waves of up to 11m and wind speeds of up to 26m per second. Special attention has been given to safety on board the drillships. Equipped with Multi Machine Control on the drill floor, the high degree of automation ensures safe operation and consistent performance. Higher transit speeds and increased capacity will reduce the overall logistics costs for oil companies. 

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