Karoon Energy Ltd. has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer, Maersk Drilling said on June 2.

The work is expected to commence in the second half of 2022, in direct continuation of the rig’s previously agreed work scope with Karoon Energy Ltd. The contract extension has a firm duration of 120 days, with a contract value of approximately $27 million.

"We are very pleased to continue to build our partnership with Maersk Drilling through extending our contract with them,” Dr. Julian Fowles, Karoon Energy's CEO and managing director, said. “The Patola development will add materially to our production base and the final investment decision made today represents a key milestone for Karoon in Brazil. The Karoon team looks forward to working closely with Maersk Drilling to deliver both the Baúna workover campaign and the Patola Project safely and efficiently."

Mærsk Developer is a DSS-21 column-stabilized dynamically positioned semi-submersible rig, able to operate in water depths up to 10,000 ft. It was delivered in 2009 and is currently operating offshore Suriname.