Maersk Drilling secures Repsol contracts for drillship

Maersk Drilling has clinched contracts for its drillship Maersk Valiant with Repsol Exploracion Mexico for work on a two-well project in the Gulf of Mexico.

The contracts have an expected duration of 138 days and are set to commence in March 2020. In addition to the firm workscope, the contracts include two one-well options.

“We are very pleased to expand our working relationship with Repsol through this commitment,” Morten Kelstrup, chief commercial and innovation officer at Maersk Drilling, said, adding that the contract reinforces their presence in the “exciting Mexican deepwater market”.

Kelstrup continued: “In addition, it's worth noting that Maersk Drilling’s entire floater fleet is now signed up for current or future work, meaning that all floaters are now activated and can be available for additional contracts with limited to no stacking period.”

The Maersk Valiant is a high-specification seventh generation drillship which was delivered in 2013. It is currently warm-stacked in Port Fourchon, Louisiana.

Read more: Maersk Drilling completes sale of jack-up rig

Posted 26 June 2019

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Lee Hong Liang

Asia Correspondent