The Maersk Integrator ultra-harsh environment CJ70 XLE jack-up rig at sea. Credit: Maersk Drilling.

Norwegian oil firm Aker BP has signed a five-year frame agreement, worth $1bn, with Maersk Drilling for two oil ultra-harsh environment jack-up rigs.

The extended drilling agreement allows Aker BP to use the oil rigs – Maersk Integrator and Maersk Invincible, for multiple operations offshore Norway.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Aker BP plans to use the rigs during period from mid-2023 to end-2027.

Maersk Drilling CEO Jørn Madsen said: “Working in such a collaboration has long since proved its worth by setting new standards for what is achievable in offshore drilling, producing remarkable efficiency gains in many stages of drilling campaigns and in this way adding significant value creation for all parties involved.”

Furthermore, the agreement includes provision for integrated services and performance bonus schemes.

Aker BP Drilling & Wells senior vice-president Tommy Sigmundstad said: “This commitment by Aker BP to renew the frame agreement with Maersk and a long-term horizon for both the Maersk Invincible and Maersk Integrator reflects the value of our relationship, as we work together with our strategic partners to reduce waste and carbon footprint whilst lowering the cost per barrel.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Strategic alliances in addition to the digitalisation strategy are key enablers to our ambitious improvement agenda.”

Maersk Drilling also agreed to upgrade the Maersk Invincible jack-up rig with hybrid, low-emission upgrades.

Designed to operate on shore power, the Maersk Invincible ultra-harsh environment CJ70 XLE jack-up rig is currently operating for Aker BP offshore Norway.

Featuring hybrid, low-emission upgrades, the Maersk Integrator ultra-harsh environment CJ70 XLE jack-up rig recently completed a drilling campaign for Aker BP.

It is currently warm-stacked in Åmøyfjorden outside Stavanger, Norway.

Earlier this year, Aker BP awarded front-end engineering and design (FEED) contracts, for the development of the NOA Fulla field on the Norwegian Continental Shelf.