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Maersk bags rig extensions

Extra time for pair of jachk-ups working for Wintershall and Petrogas in North Sea

Maersk Drilling has secured contract extensions for a pair of jack-ups working in the North Sea after they were earlier reactivated from warm-stacking mode.

Wintershall has taken the high-efficiency 2009-built Maersk Resolve for a third well, as well as testing and completion work, that will be drilled in the Dutch sector.

The first well is being drilled in the UK sector and the rig will then be moved to the Dutch sector for the second and third probes, with the original contract duration of 160 to 190 days extended by about 90 days to between 210 and 280 days.

The German operator also has further extension options for the rig.

In a further deal, Petrogas E&P will use the 2008-built high-efficiency jack-up Maersk Resolute for drilling of a pair of workovers at the Haven platform off the Netherlands to extend its current 140-day contract to about 155 days.

No value was disclosed for the extensions that will provide a total of about 105 days of additional work for the Danish contractor, with such modern jack-ups typically commanding dayrates of around $150,000 in the North Sea market.

Maersk said the rigs have had 99% uptime since recently restarting work after being laid up in the Danish port of Esbjerg.

The latest extensions come on the heels of other recent deals for Maersk, which has now reactivate five formerly laid-up rigs amid signs of a market turnaround.