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Maersk Drilling has
been awarded a two-well extension contract by current client Aker BP for the
continued use of the high-spec jack-up
Maersk Integrator, which means
the jack-up is expected to remain with the operator until early-January 2021.
However, the new deal offers an opportunity for another extension term via
another one-well option. Maersk says the
extension covers a firm period of 93 days and is estimated to be worth around
$25.5 million. The total value equates to an average dayrate of just over
$274,000 and is a slightly higher rate than another estimated rate of $272,000
that applies to an earlier 40-day (one well) option already declared by Aker BP
. The Integrator’s
existing work schedule runs until October 2020.
Egdon Resources has agreed a deal
with Shell in which it is farming out a 70% stake in and operatorship of
wholly-owned licences P.1929, comprising UK southern basin blocks 41/18a and
41/19a, and P.2304, covering 41/24, containing the Resolution and Endeavour gas
discoveries, respectively. Egdon will retain a 30% interest
in the licences. Shell will pay 85% of the costs of the acquisition and
processing of a 3D seismic survey covering both Resolution and Endeavour with
the carry on the acquisition costs capped at $5 million gross, beyond which it
would pay 70% of the costs. Shell will also pay 100% of all studies and
manpower costs up to a well investment decision on the licences. The farm-in is
conditional on Oil and Gas Authority approval.
TAQA has been appointed operator of the Greater Brae area, in Central North Sea block 16/7, subject to Oil and Gas Authority approval. The move follows court proceedings brought by TAQA and partners JX Nippon and Spirit Energy last December relating to a notice of discharge served on Marathon Oil UK, as operator, prior to its acquisition by RockRose on 1 July. RockRose says it will work with TAQA during the transition process to ensure there is no disruption to ongoing operations. TAQA is in the process of discussing arrangements to switch operatorship with the aim of having this completed this year. Since completion of the Marathon acquisition, RockRose says it has made a material positive impact in the Brae area.