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Petronas extends Maersk jack-up rig contract another year

22nd September 2014

Petronas Carigali, the exploration and production subsidiary of the national oil company in Malaysia, has extended the contract for the jack-up rig Maersk Convincer by one year

Petronas extends Maersk jack-up rig contract another year
Maersk Convincer is one of two Baker Marine 114-metre jack-up rigs in Maersk Drilling’s fleet

Consequently, the rig will be on contract with Petronas until mid-November 2015. The estimated revenue potential from the one-year contract extension is USD 56m.

“We are very pleased to continue working with Petronas Carigali and see this extension as a further strengthening of our relationship,” said Claus V. Hemmingsen, CEO of Maersk Drilling and member of the executive board of the Maersk Group.

“Together with Petronas Carigali, our highly competent rig crew has delivered several challenging wells in a safe and efficient way.”

Maersk Convincer is one of two Baker Marine 114-metre 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.

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